Here we go again. The Congressional Budget Office is reaffirming a forecast it made two years ago that the Patient Protection and Affordable Care Act will cost the United States 2 million jobs over the next decade.
The PPACA, writes the CBO, "will make the labor supply, measured as the total compensation paid to workers, 0.86 percent smaller in 2025 than it would have been in the absence of that law."
At first glance, that seems to play perfectly into the rhetoric of PPACA opponents, who have long referred to the landmark health law as a "job-killer." Indeed, Sen. Orrin Hatch, R-Utah, the chairman of the Senate Finance Committee, was quick to tout the report as evidence of the law's failure.
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