ObamaCare Could Lead to Loss of Nearly 2.3 Million US Jobs, Report Says

Photo Credit: Fox NewsThe long-term effect of ObamaCare on the U.S. economy was rewritten Tuesday with the Congressional Budget Office issuing a revised projection that nearly 2.5 million workers could opt out of full-time jobs over the next 10 years — allowing employers to wipe 2.3 million full-time jobs off the books.

Budget experts say that because ObamaCare offers an insurance alternative to employer provided coverage, many Americans who hold full-time jobs may decide to work part-time — or not at all — and get their coverage from the exchanges.

Following the release of the report, House Speaker John Boehner said the report showed how “the middle class is getting squeezed in this economy.”

The report drew immediate reaction from GOP lawmakers, including House Speaker John Boehner who said the report indicates ObamaCare is only making it harder for middle-class Americans to survive in the bad economy.

Others, like Rep. Paul Ryan, R-Wisc., weighed in.

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