ObamaCare Will Decrease Workforce Labor And Increase Healthcare Spending On Previously Uninsured Says CBO

From CBO Director Doug Elmendorf's October 22, 2010, presentation, "Economic Effects of the March Health Legislation" at the Schaeffer Center of the University of Southern California:

• The legislation will reduce the amount of labor used in the economy by roughly half a percent, primarily by reducing the amount of labor that workers choose to supply.


• The legislation will increase spending on health care for people who would have been uninsured in the absence of the legislation.


• The legislation will decrease spending on health care for people who would be insured with or without the legislation. The magnitude of that decrease, and the extent to which it will be achieved through greater efficiencies in the delivery of care or through reductions in access to care or quality of care, are unclear.

See the complete slide presentation here, on Scribd or embedded below.

CBO Economic Effects of New Healthcare