Congressman Tim Ryan Responds to Recent CBO Report on the Affordable Care Act
Washington DC – Congressman Tim Ryan responded today to the Congressional Budget Office’s (CBO) recent report regarding the budget and economic outlook for the next ten years. He argued against the House Republican’s accusations that Americans are leaving the workforce or cutting back their hours because the Affordable Care Act (ACA) incentivizes Americans to become lazy or complacent. Congressman Ryan questioned CBO Director Doug Elmendorf at the House Budget Committee on the distinction of who are these individuals leaving the workforce or reducing their working hours.
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A Congressional Budget Office report came out this week claiming that the ACA will reduce total hours worked by about 1.5 to 2% in 2017 to 2024. The report goes on to add that the reduction in workforce will happen “almost entirely because workers will choose to supply less labor”. The Republican Party has quickly chosen to spin this report for political gain, claiming that this proves the ACA is causing Americans to become lazy or complacent. Congressman Ryan combats these arguments in today’s House Budget Committee Hearing.