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What does the CBO report really say about jobs and Obamacare?

The Congressional Budget Office (CBO) released a report yesterday about the impact of the Affordable Care Act, generatinglots of political buzz -- and lots of confusion. Here's a rundown of some of the numbers being thrown around and what's been said.

1. Two million lost jobs

Some Republicans have said that the CBO report implies that by 2021, two million jobs will be cut because of the new health law. The Fact Checker gave this claim three pinnochios, because "this is not about jobs. It's about workers -- and the choices they make." Read the full explanation here. 

2. Two million fewer workers (not jobs)

The CBO report predicted that by 2021, there will be 2.3 million fewer full-time workers because of the new law.  According to the report, these people will quit their jobs, work part time or stop looking for jobs because they don't need to rely on their jobs for health insurance. Read a full explanation here.

3. It's helping jobs right now

Jason Furman, the president's chief economist said, "The Affordable Care Act today, right now, is helping labor markets, is helping businesses and is helping jobs." Read the full story here. 

4. Two million people escaping the 'job lock'

This is what Democrats are saying about the decline in employment projected by the CBO. According to them, people who don't want to work won't be required to anymore because of the health law. Read a full explanation here. 

5. More jobs because of the health law

To add to the confusion, CBO Director Douglas W. Elmendorf testified today that the new law is expected to "reduce unemployment over the next few years" because it will boost demand for labor. Read more here. 



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Aaron Blake · February 5, 2014

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