Health and Human Services Secretary Kathleen Sebelius told reporters on last Monday that there is 'absolutely no evidence' that the United States will lose jobs as a consequence of implementing the Affordable Care Act.
'There is absolutely no evidence, and every economist will tell you this, that there is any job loss related to the Affordable Care Act.In saying that she was ignoring that nonpartisan Congressional Budget Office declared on February 4 that Obamacare law would suck around 2.5 million full-time jobs out of the U.S. economy by 2024.
CBS News is reporting a new study reveals nearly 33,000 jobs have been impacted due to the Obamacare's medical device excise tax.
The report comes from the Advanced Medical Technology Association following an online survey of member companies last year.Fox News is reporting on a possible 498,000 job loses coming down the road thanks to Sebelius:
“According to the report, the tax has led to employment reductions of approximately 14,000 industry workers and foregone hiring of 19,000 workers,” the study stated. “The total job impact of the tax on industry employment was approximately 33,000.”
But Sebelius herself, using discretion granted her by the Affordable Care Act, cut the maximum allowed by law from home health care funds. The cuts were deep enough that officials offered a damaging prediction of the impact saying, it was estimated that approximately 40 percent of providers would have negative margins.Perhaps Ms Sebelius wasn't serious when she said "There is absolutely no evidence..." perhaps she is trying to earn 2014's lie of the year.
And companies with negative margins don't last long -- or have to cut workers.
Dan Weber, head of the Association of Mature American Citizens, says "forty percent will be put into the red and anyone who has a brain in their skull knows that they're going to have to cut jobs and reduce services in order to make up the money." In fact, those cuts put in jeopardy 498,000 jobs of home health care workers who work just for that 40 percent of firms that will be forced into the red.