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Congressman Bob Latta (R-Bowling Green) today responded to the Congressional Budget Office’s (CBO) newly released working paper on the effects of Obamacare on the labor market. The nonpartisan office projects Obamacare will force a reduction in American work hours, costing the U.S. workforce the equivalent of 2 million jobs over the next decade.

“This is another example of how the President’s health law is failing the American people,” said Latta. “It’s been over 5 years since the Administration forced Obamacare unilaterally through a Democratic controlled Congress, and it’s hard working men and women who are now suffering the consequences.” 

The CBO working paper follows the October release of the Department of Health and Human Services’ Centers for Medicare & Medicaid Services 2016 Marketplace Affordability Snapshot. That analysis showed an average cost increase of 7.5% in benchmark healthcare plans in the coming year.

“Obamacare is decreasing our labor force while increasing the costs of healthcare. This year, the average deductible for an employer-provided plan rose nearly 9%. Next year, millions of Americans will see an increase in their premiums, according to the White House’s own data,” Latta continued. “The President’s flawed healthcare law continues to be detrimental to the economy, as well as to family’s budgets. I will continue working with my colleagues to repeal and dismantle this law.”