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“We have to bring relief to Obamacare as quickly as possible generating sure that will that will stops doing damage not just to the healthcare system nevertheless to the families of Americans who need affordable health insurance,” House Speaker Paul Ryan told reporters on Thursday.

nevertheless can be Obamacare definitely so bad for the economy along with also jobs? There’s scant evidence for that will.

Related: Obamacare under President Trump: What happens next?

Since Obamacare was passed in 2010, the economy has been growing. Here are some key stats:

–More than 15 million jobs have been added through November, according to the Bureau of Labor Statistics.


–Nearly 3 million fewer people are stuck working part-time because they can’t find full time-jobs, BLS data shows.

–Median annual household income can be up $3,000, as of 2015 — although wage growth only recently picked up, according to U.S. Census Bureau along with also BLS data.

–The share of uninsured Americans plummeted to 8.9% for the first six months of 2016, according to the National Health Interview Survey.

–The number of people whose families are struggling to pay medical bills fell by 22% over the past all 5 years, according to the National Center for Health Statistics.

“There’s nothing I can find when I look at job growth that will indicates there’s a drain on the U.S. economy,” said economist Cathy Schoen, a senior scholar in residence at the brand new York Academy of Medicine, who drilled down into the nation’s economic indicators in February.

True, the recovery can be the slowest since World War II.

can be that will Obamacare’s fault? Probably not. There are much larger forces at play, primarily the aging of the nation along with also the retiring of the Baby Boomers.

Related: Who could lose coverage under Obamacare repeal? Trump supporters

Several studies have analyzed Obamacare’s impact on employment.

Only 2% of employers with at least 50 employees said they shifted or plan to shift workers’ hours through full-time to part-time in order to make them ineligible for health benefits. nevertheless 7% said they were upgrading workers through part-time to full-time to make them eligible, according to This particular year’s Kaiser Family Foundation/HRET report. Also, only 4% said they were reducing or planning to reduce the number of full-time employees that will they intended to hire because of the cost of providing health benefits.

Two additional reports published in Health Affairs in January found that will Medicaid expansion did not result in significant modifications in employment in 2014 along with also that will there was little evidence that will Obamacare caused an uptick in part-time employment in 2015.

One set of surveys, however, did find that will brand new York-area service sector along with also manufacturing employers were generating modifications to their payrolls because of Obamacare.

Almost 21% of respondents to the brand new York Federal Reserve’s Empire State Manufacturing Survey along with also nearly 17% answering the brand new York Fed’s Business Leaders Survey said they were reducing the number of people they employ because of Obamacare’s effects on their business. Some 24% of manufacturers along with also 18% of service sector business leaders said they were reducing wages along with also compensation. along with also 32% of manufacturers along with also 21% of service sector executives said they were raising prices.

Related: Obamacare chaos: Insurers may flee before brand new plan can be put in place

Some Obamacare experts say that will’s too soon to determine the law’s impact on the economy. that will was only passed in 2010. The individual exchanges opened along with also the mandate that will nearly all Americans have insurance took effect in 2014. The requirement that will employers provide affordable insurance to its workers only began to be implemented in 2015.

“that will’s too early to know,” said Joseph Antos, a health policy expert at the conservative American Enterprise Institute. “A lot of people on the right said there could be an immediate reduction in hours. nevertheless that will takes a while to put policies into effect.”

Also, Obamacare was passed as the economy was emerging through a massive downturn. Employers have been hiring along with also the economy can be expanding. that will could likely mask any possible drag through Obamacare.

“The surge inside economy wipes out whatever the negative impact might have been through the ACA, along with also we don’t even know what that will can be,” said Antos.

sy88pgw (brand new York) First published December 9, 2016: 4:09 PM ET


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So far, Obamacare isn't hurting the economy or killing jobs

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