Posted on 10/09/2012 3:09:47 PM PDT by Snuph
Fully implementing Obamacare regulations have already cost the U.S. economy $27.6 billion and more than 18,000 jobs according to a new study released today. Just the top ten most expensive regulations have cost $24.4 billion, according to the new non-partisan and independent American Action Forum (AAF) report.
Just complying with the state health exchanges alone has to cost employers $3.4 billion according to the AAF totals which were compiled from Federal Register data. In addition to the regulatory costs, AAF estimates that Obamacare regulatory compliance has eaten up more than 60 million hours in paperwork. At 2,000 hours a year that comes to 30,000 jobs.
(Excerpt) Read more at washingtonexaminer.com ...
Those 30,000 employees also lost their health insurance along with their jobs.
It has also cost the construction of dozens of hospitals...that were already in line to be built - no telling how many others never were proposed that also won’t be built. Certainly helpful with an aging population to increase access to quality healthcare to have vacant lots sitting where state of the art medical facilities could have been up and running, right?
I would venture to say his regs have cost $27 billion in the banking industry alone, and all are not in place yet. There is no telling what he has cost other industries. What is coming in the electric utility business will cost even more before long. How much does shuttering a single coal fired generating plant cost in terms of lost capital expenditure AND costs to wind down operations? What about his obstruction in oil and gas production? How much has resulting increases in fuel costs impacted EVERY BUSINESS IN THE COUNTRY? Those are regulation induced costs, too.
$27 billion is not a drop in a pi$$ bucket compared to what the regulation of the POS-in-Chief has cost American business . . . and there is MUCH, MUCH MORE ON THE WAY!!!!!
I hope Paul Ryan has LOADS of stuff like this info to b-slap Biden upside his empty hair-plugged head with on Thursday.
Thanks for the ping.
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