White House Scoffs at ObamaCare ‘Doomsday Prophecies’

President Obama’s chief economist on Thursday delivered a fierce rebuttal to what he called “nonsensical” claims from conservatives that the Affordable Care Act would be the end of the U.S. economy.

“To put it mildly, these doomsday prophecies have not come to pass,” Jason Furman, the chief of the President’s Council of Economic Advisers, said Thursday at a panel hosted by the Center for American Progress.

Five years after the law’s passage, Furman said the law did not become a “job killer” or a “budget buster,” and it did not create a “part-time economy.” Instead, he painted a picture of a healthcare industry — and an economy, in general — that has seen broad benefits from the law.

With the law’s recent five-year anniversary, the administration has taken a victory lap by pointing to data that shows a healthcare cost slowdown and a massive drop in the uninsured rate.