Republican legislation to change the Obamacare definition of full-time work from 30 hours-a-week to 40 hours-a-week, will increase the number of people without health coverage and raise the federal deficit by more than $53 billion, according to an analysis by the nonpartisan Congressional Budget Office (CBO).
Under the 2010 Affordable Care Act, businesses that employ more than 50 full-time workers will be required this year to provide their employees with health insurance. The requirement, Republican charge, will discourage hiring by businesses. Supporters of the requirement say the higher threshold will make it easier for employers to avoid insuring their workers by simply having them work just shy of 40 hours.
Specifically, in years after 2015, the CBO estimate concludes the GOP proposed change would:
- Reduce the number of people receiving employment-based coverage—by about 1 million people;
- Increase the number of people obtaining coverage through Medicaid, the Children’s Health Insurance Program (CHIP), or health insurance exchanges—by between 500,000 and 1 million people; and
- Increase the number of uninsured—by less than 500,000 people.
- Add $53.2 billion to the federal deficit over the 2015-2025 period
Read the report here.