Posted on 01/18/2017 6:35:26 AM PST by SeekAndFind
Obamacare has cost roughly 300,000 small business jobs due to higher health care costs, according to a new report.
The American Action Forum, a center-right policy institute, released findings Wednesday that rising premiums and regulations under the Affordable Care Act have had “dire” consequences for the labor market.
The report found the law has cost $19 billion in lost wages per year and forced 10,000 small businesses establishments to close their doors. The study covered employers with 20 to 99 employees.
“Research from the American Action Forum (AAF) finds regulations from the Affordable Care Act (ACA) are driving up health care premiums and are costing small business employees at least $19 billion in lost wages annually,” the report said. “These figures varied by state, but in 2015 the ACA cost year-round workers $2,095, $2,134, and $2,260 in Ohio, New York, and North Dakota, respectively.”
“Premium increases, a prospect regulators predicted when issuing the first ACA regulations, also significantly diminished the number of business establishments and jobs nationwide,” the report said. “Across the country, small businesses (20-99 workers) lost 295,030 jobs, 10,130 business establishments, and $4.7 billion in total wage earnings. Florida lost 17,950 jobs; Ohio lost 19,000; Pennsylvania lost 15,680; and Texas lost 28,010 jobs due to higher sensitivity to rising health care premiums and the ACA.”
Ben Gitis and Sam Batkins, the authors of the report, used data from the U.S. Census Bureau, the Medical Expenditure Panel Survey, and the Bureau of Labor Statistics for their findings.
(Excerpt) Read more at freebeacon.com ...
The intentions were good so ObamaCare is a success. /s
All part of the Marxists and Obama plan.
I’d like to see President Trump “Pick the target, freeze it, personalize it, and polarize it.”
Find individual victims who lost their jobs because Obamacare made them too expensive to employ. Tweet about one per day, just a short (but CAREFULLY researched!) comment on how Obamacare hurts real, ordinary Americans. to personalize the harm done by that bad law. Polarize the issue so no one wants to openly support keeping Obamacare.
Ask a small businessman about insurance and payroll regs.
The number is a lot higher than that since they limited the study to employers with 20 - 99 employees.
There is something wrong at the American Action Forum. Lack of honesty is no help in dismantling Obamacare. There is nothing worse than lies within what should otherwise be a good argument.
You read there summary findings, and then you get into what sounds like a good transparent discussion of their analytic methods by which they arrived at their findings. It all looks good until they tell you of their estimated effect of Obamacare on average wages FOR 2013. BUT THE OBAMACARE insurance plans through the exchanges did not begin until 2014. Something is out of wack there.
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