Any way you spin it, healthcare law is a 'disincentive to work'

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Fox News: Budget office chief: ObamaCare creates ‘disincentive’ to work​

The head of the nonpartisan Congressional Budget Office delivered a damning assessment Wednesday of the Affordable Care Act, telling lawmakers that ObamaCare creates a "disincentive for people to work," adding fuel to Republican arguments that the law will hurt the economy.

The testimony from CBO Director Douglas Elmendorf comes after his office released a highly controversial report that detailed how millions of workers could cut back their hours or opt out of the job market entirely because of benefits under the health law.

The White House and its Democratic allies accused Republicans, and the media, of mischaracterizing the findings. But Elmendorf backed Republicans' central argument -- fewer people will work because of the law's subsidies.

"The act creates a disincentive for people to work," Elmendorf said, under questioning from House Budget Committee Chairman Paul Ryan, R-Wis.

Congressman Ryan pointed out that this is reality, not because employers will lay people off in an effort to save paying benefits, but because people will actually choose to stay home and not work. This testimony follows on the heels of yesterday's CBO report showing the healthcare law will cost 2.3 million jobs over the next ten years. Overall, productivity as measured by hours worked is expected to drop 1.5% to 2% by 2024.

In 2010, the administration strongly denied the CBO's estimate of 650,000 job losses due to the ACA. Now we have the same watchdog group increasing its own estimate four-fold. Couple that with the announcement in committee today that the classic flaw of socialism -- a "disincentive to work" -- will set in with the working populace over the next ten years. When is someone going to get smart and start the repeal process on this boneheaded legislation?