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ACA means bigger effect on workforce, costs government $1.48 trillion by 2024, CBO says
Modern Healthcare

The 2010 healthcare reform law will cost the federal government about $1.48 trillion and the nation about 2.5 million full-time workers by 2024, the Congressional Budget Office projected in a new report released Tuesday.

People will opt to work less or not at all as their incomes reach levels where they must pay more for health insurance as their ACA subsidies disappear, the report asserts.

“In particular, the health insurance subsidies that the act provides to some people will be phased out as their income rises—creating an implicit tax on additional earnings—whereas for other people, the act imposes higher taxes on labor from income directly.”