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CBO clarifies controversial statements from latest report

After a highly publicized report from the Congressional Budget Office indicated that insurance benefits gained through the Affordable Care Act may have adverse consequences on the average worker, the nonpartisan group recently dialed back some of its assertions.

In a blog post on its website, the CBO first addressed the statement that more than 2 million full-time workers could see their hours cut substantially 10 years from now, National Journal reported.

“That analysis has attracted a great deal of attention and raised several questions,” the post indicated. “Because the longer-term reduction in work is expected to come almost entirely from a decline in the amount of labor that workers choose to supply in response to the changes in their incentives, we do not think it is accurate to say that the reduction stems from people ‘losing’ their jobs.”

On Feb. 5, Douglas Elmendorf, CBO’s director, told lawmakers on the House Budget Committee that because the government provides subsidies for health insurance, and then reduces the amount as individuals’ earnings increase, it could reduce individuals’ incentive to work.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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