Study: Health Care Legislation Will Cost up to 700,000 Jobs by 2019
Beacon Hill Institute study released today shows massive job losses under Obamacare
WASHINGTON, D.C.- Americans for Tax Reform Foundation today released a study conducted
by the Beacon Hill Institute on the job losses that will result from the passage of President Obama’s healthcare plan.
The 18-page study — available at ATR.org — uses standard practices to evaluate the job loss, but assumes more realistic policy outcomes (for example, the Medicare “doc fix” is assumed to be reenacted by Congress every year).
From the Executive Summary:
Nancy Pelosi, the Speaker of the House of Representatives, has urged passage of the massive health reform plan moving through Congress as a way to create up to 400,000 jobs. Speaker Pelosi bases her claim on a report by the Center for American Progress (CAP) in which the
Center estimates that the Patient Protection and Affordable Care Act (PPACA) would create
250,000 to 400,000 jobs per year over 10 years.
This estimate by CAP amounts to a hurried effort to add academic heft to the claim that national health care reform offers a collateral benefit in the form of an economic “stimulus.”
It turns out, however, that its methodology, stripped of unsupportable claims about savings in health care costs, shows just the opposite of what CAP intended. PPACA is a job killer,
not a job creator.
Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose all tax increases. For more information or to arrange an interview please contact John Kartch at (202) 785-0266 or by email at email@example.com.
The study is also available from BHI.
Blog coverage from Hot Air is here.
UPDATE: National Review Online: No Jobs Bill by David Tuerck and Grover Norquist.
UPDATE: Rush Limbaugh quotes BHI!