CBO says ACA kills jobs — are you surprised?

Were you waiting for the other shoe to drop with the Affordable Care Act? It did today with the announcement by the Congressional Budget Office providing an estimate on the effect of the ACA on jobs. The hullabaloo about employers cutting the long-held standard 40-hour workweek to beat costs of the ACA has now hit the fan. According to the CBO, those lost work hours due to the ACA will amount to job losses equivalent to more than 2 million jobs by 2017. Previous reports from the CBO estimated job losses due to the ACA at approximately 800,000 jobs.

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