SCHAUMBURG – Earlier this week, the non-partisan Congressional Budget Office (CBO) released its analysis of the Affordable Care Act, better known as Obamacare, citing the impact of 2.5 million jobs being taken out of the economy by 2024. The CBO’s research shows that Obamacare will take away 2 million jobs by 2017, increasing to 2.3 million jobs by 2021 and peaking at 2.5 million jobs in 2024.
"Obamacare is proving to be the biggest job killer we have faced in modern America,” said Larry Kaifesh, GOP candidate for Illinois’ 8th Congressional District. “While we have been promised affordable healthcare, but in reality, Obamacare has resulted in millions losing their healthcare coverage and now potentially their jobs – we must do better.”
The CBO report further analyzed how the Affordable Care Act would reduce the number of full time jobs, starting after 2016. The majority of those becoming unemployed would be due to reduced hours or from workers simply not seeking employment, due to the downturn in hiring that is projected to occur. This negative effect on the economy, the CBO concluded, will mainly be felt by low income earners.
“Obamacare is taking away access to quality healthcare, to our doctors, and now our jobs,” added Kaifesh. “Clearly, we need to go back to the drawing board to make sure all Americans have access to quality healthcare and the doctor of their choice – without the unwanted side effect of potentially losing their jobs.”
Kaifesh faces Manju Goel in the GOP March 18th primary. The winner will challenge incumbent Democrat Congresswoman Tammy Duckworth in November.