Save American Workers by Striking Obamacare Provisions?

The House is set to debate Rep. Todd Young's (R., IN) Save American Workers Act of 2014, which "repeals the 30-hour threshold for classification as a full-time employee for purposes of the employer mandate in ObamaCare and replaces it with 40 hours."

The White House has released a statement against the measure, noting: 

This legislation would weaken a provision of the Affordable Care Act that keeps employers from dropping health insurance coverage and shifting the costs to taxpayers. According to the Congressional Budget Office, it would increase the budget deficit by $73.7 billion over the 2015 to 2024 period. Moreover, the proposed change would reduce the number of people receiving employer-based coverage by about one million, while increasing the number of uninsured.