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Obamacare: Good for Jobs

The GOP is still trying to repeal Obamacare. If that isn’t strange enough, arch-conservative Senators Ted Cruz, Marco Rubio, and Mike Lee are going to vote against this repeal, saying that it doesn’t go far enough. Ignoring the fact that as usual this is a symbolic gesture (Obama would surely veto any repeal), it just keeps getting weirder and weirder.

Which brings us to the most recent GOP debate. First, reality-challenged Carly Fiorina declared “Obamacare isn’t helping anyone.” What about the 17 million people who have gained health insurance?

Then Marco Rubio doubled down with a more specific claim, “We have a crazy health care law that discourages companies from hiring people.” If companies are being discouraged from hiring, you would think that after the ACA was signed into law that employment would suffer. Well, here’s the reality:

Jobs under Obamacare

The private sector has not lost jobs since Obamacare was created. In fact, the economy has gained jobs for 60 straight months, which (according to Forbes) is a new record.

You may recall that ACA implemented its changes in stages over several years. The first full year when it was implemented was 2014; that year had the best increase in jobs since Clinton was president (and better than every year of Dubya’s presidency). That’s including all private sector jobs. If we look at just the health care sector, things look even better:

The healthcare industry’s employment spree has continued into autumn with an increase of 44,900 jobs in October.

Healthcare has now created almost 407,000 jobs so far in 2015, which almost equals the 410,000 jobs the industry added in 2013 and 2014 combined. Nearly 11% of all U.S. nonfarm jobs are now in healthcare.

The Republicans have been trying to repeal Obamacare for 6 years, but they still haven’t said what they would replace it with. The new GOP is just as much the party of no as the old one.

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2 Comments

  1. TJ wrote:

    When did we start referring to the GOP as “the new GOP”? What change came about to warrant the title?

    Saturday, November 14, 2015 at 3:58 pm | Permalink
  2. Iron Knee wrote:

    TJ, you don’t remember when the GOP announced that they weren’t going to be the party of hatred and racism. That they were going to start governing again?

    Funny, neither do I.

    Saturday, November 14, 2015 at 5:09 pm | Permalink