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Obamacare: It's a net gain for the economy

(Los Angeles Times) The recent Congressional Budget Office report on healthcare reform has lots of good news. Insurance premiums are lower than anticipated, the Affordable Care Act will cost $9 billion less than previously estimated and the provision designed to buffer insurance companies from risk will actually raise revenue, not function as any sort of federal government bailout…
Moreover, the Affordable Care Act has additional effects on the economy. The CBO projects that healthcare reform will reduce the federal budget deficit by $100 billion over the first decade and by more than $1 trillion over the second decade. Healthcare costs are also rising more slowly, in part because of provisions in the law. The economic gains from reducing the deficit and slowing healthcare spending likely outweigh any losses from slightly reduced labor compensation.
Crucially, the CBO report notes, but does not quantify, the new efficiencies we can expect in the job market from the reduction of job lock. With ways to ensure affordable health coverage no matter where they work, many Americans will be able to start small businesses or take new positions where they can be more productive.
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