Companies cut hours and jobs to dodge Obamacare

Unintended consequences? Jobs are getting smaller, going away, or not being created in the first place.

The Affordable Care Act isn’t all that affordable…

So to sum up, Obamacare is leading to fewer hours worked, less tax revenue for the government and bigger government subsidies for health insurance for people who were already insured in the first place. If enough companies do this, Obamacare will become a massive dead weight on the federal budget, even as it does little more than shuffle people from one insurance plan to another, whether they like it or not. The Congressional Budget Office estimates, at the high end, that 20 million workers could see their health plans dropped thanks to Obamacare.

And then there’s what’s happening to the medical device industry..

Read more at Washington Examiner

This entry was posted in economy, health care law fallout and tagged , , . Bookmark the permalink.