President Barack Obama’s signature ‘Obamacare’ had been going through rough and tough since the very beginning itself. And no matter how much Obama’s administration has been trying to make the Affordable Care act a huge success, something or the other keeps coming in the way. And this time it would be the reports from the budget analysts.
According to the budget analysts, in the coming years Affordable Care Act would become the biggest reason for reducing the number of full time workers by more than two million. Budget analysts have reached to such conclusion mainly drawing out the reactions of all those employers who would react towards the new penalty for failing to offer insurance to employees who work more than 30 hours a week. The employers themselves would be left with no choice but to cut people’s hours, hiring fewer employees, further lowering wages for new jobs. With all this, the low wage workers would be the ones who would be affected the most. Already, President Barack Obama is working through all possible ways to increase the rate of employments that could further boost the economy. But it seems that now Obama needs a magic wand to get things in order and change the face of an economy which is already short of six million jobs. Kiran Kidwai – International Desk, NMTV