90 Miles From Tyranny : Report: Obamacare killed 300,000 jobs, 10,200 companies, $19B in wages

Thursday, January 19, 2017

Report: Obamacare killed 300,000 jobs, 10,200 companies, $19B in wages

A new report certain to spur quicker GOP action to kill Obamacare finds that it has crushed small businesses forced to participate and robbed employees of $19 billion in wages in 2015.
What's more, the American Action Forum analysis found that Affordable Care Act regulations have cost 295,030 jobs and killed 10,130 small businesses that year.
A similar report on Obamacare's regulatory impact in 2014 put the price at $22 billion in lost wages.
Based on federal data, the report said, "We found that since the ACA became law, among small businesses, the rise in premiums has been associated with $19 billion in lost wages, 10,130 fewer business establishments, and nearly 300,000 lost jobs, with seven states losing more than 10,000 jobs, all results consistent with our previous research. Given the premium spikes in some states, 17 percent to 47 percent, it is not difficult to understand how the labor market reacts to the significant increase in health care costs. In fact, regulators predicted many of these increases when they....
Read More HERE

1 comment: