Posted on 08/24/2014 8:12:17 PM PDT by TigerClaws
Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.
As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, "in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits."
What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been "matched" by a far greater reduction in the range of medical coverage and the size of the network.
In short a disaster.
(Excerpt) Read more at zerohedge.com ...
Negative impact on health insurance cost and availability for employees:
Obamacare costs to businesses are being largely passed on to customers as higher prices
Basically no change in the number of employees covered
Less employment, less availability, higher costs... heck of a job Barry
In the midst of all this angst and hand wringing, let us not forget that nobamacare is merely the stepping stone to Single Payer. If nobamacare’s implementation went smooth as silk (HA!), there’d be no desire for something simpler/better.
How else does one suppose increased costs of production can be paid for? Less of the product will be sold because the sale price must be profitable and thus must be raised due to the rise in cost of production. Less product, of course, means less labor to make fewer units which- wrap your brain around this- means fewer hours and/or fewer employees. That is so purely common sense that even liberals should understand it. But they don't
Central planning always leads to a downward spiral. Oh but “this time it will be different”. I don’t know which is worse, the stupidity or the arrogance.
Hah, not even asked is the effect of more paperwork and such. In the past I only had to document my income for IRS, now I have to do so, and to what is in effect a different, time consuming standard, to HHS. Agghhh...
CommieCare is FUBAR.
Single payer only works, and even then for a short time, when you have a superpower carrying your defense water for a few decades...
Single payer only works, and even then for a short time, when you have a superpower carrying your defense water for a few decades...
Crap... a double post...
“Obamacare Is A Disaster For Businesses”
They needed HOW LONG to grasp THIS?
But... but... the children!
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