Wednesday, 05 February 2014 - 12:13
Obamacare' will reduce US workforce, report finds
Budget analysts say that President Barack Obama's health law will cut the US workforce by the equivalent of more than two million workers.
The Congressional Budget Office said in its report, that the reductions will begin in 2017 after the law's provisions take full effect, and some US businesses may also decide to reduce their workforce to fewer than 50 full-time employees to avoid having to provide health insurance as mandated under the law.
The report found that Employees may also face lower wages due to tax levees and penalties against their employers.
A Gallup poll found that Americans continue to be more likely to disapprove of the law, by 51% to 41%.