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Monday, October 20, 2014 5:47:14 PM
Study Shows Obamacare Is Annihilating Small Businesses
The annual loss is even worse...
James Beattie
September 10, 2014
A study released Tuesday by a right-of-center think tank shows that regulations stemming from the Affordable Care Act (ACA) are reducing pay in small businesses.
Research from The American Action Forum (AAF) shows that due to ACA regulations, small businesses are seeing pay reduced annually by at least $22.6 billion. The AAF defines a small business as one that employs between 20-99 workers.
The report says, “The ACA imposes several burdensome regulations that could potentially harm job and wage growth, including the employer mandate and requirements on the generosity of coverage.” It continues:
“When employers are required to provide health insurance and their low-cost options are limited, costs will naturally rise and companies will be more responsive to changes in insurance premiums. As a result, employees are less insulated from insurance premium growth, and if premiums rise considerably under the ACA, then employers could be more likely to offset those costs by cutting jobs or wages.”
AAF’s research shows that in 19 states, businesses have seen their pay fall by more than $1,000. In Ohio , total premiums increased by 33.3 percent, resulting in weekly pay falling by $29.36. For those who work year-round in the Buckeye state, this results in an annual loss of of $1,467.
The annual loss is even worse for New Jerseyans. While the total increase was smaller than Ohio ’s at 26.5 percent, the loss in weekly pay was steeper at $33.59. The annual loss for Garden Staters was $1,679.37.
Furthermore, rising healthcare premiums have reduced jobs by 350,000 nationwide. California has lost 42,788 jobs due to ACA regulations, while Florida , New York , Ohio , and Texas have lost more than 20,000 jobs apiece.
Read more at http://www.westernjournalism.com/study-shows-obamacare-failboating/#k0Tx0M72vyH1f36h.99
Note: There are active links contained within the original article at the website posted above.
* * * * * * * * *
* * * * * * * * *
Progressive Liberal Politics Must Die Today
So That Freedom Can Be Sure Tomorrow!!!
The annual loss is even worse...
James Beattie
September 10, 2014
A study released Tuesday by a right-of-center think tank shows that regulations stemming from the Affordable Care Act (ACA) are reducing pay in small businesses.
Research from The American Action Forum (AAF) shows that due to ACA regulations, small businesses are seeing pay reduced annually by at least $22.6 billion. The AAF defines a small business as one that employs between 20-99 workers.
The report says, “The ACA imposes several burdensome regulations that could potentially harm job and wage growth, including the employer mandate and requirements on the generosity of coverage.” It continues:
“When employers are required to provide health insurance and their low-cost options are limited, costs will naturally rise and companies will be more responsive to changes in insurance premiums. As a result, employees are less insulated from insurance premium growth, and if premiums rise considerably under the ACA, then employers could be more likely to offset those costs by cutting jobs or wages.”
AAF’s research shows that in 19 states, businesses have seen their pay fall by more than $1,000. In Ohio , total premiums increased by 33.3 percent, resulting in weekly pay falling by $29.36. For those who work year-round in the Buckeye state, this results in an annual loss of of $1,467.
The annual loss is even worse for New Jerseyans. While the total increase was smaller than Ohio ’s at 26.5 percent, the loss in weekly pay was steeper at $33.59. The annual loss for Garden Staters was $1,679.37.
Furthermore, rising healthcare premiums have reduced jobs by 350,000 nationwide. California has lost 42,788 jobs due to ACA regulations, while Florida , New York , Ohio , and Texas have lost more than 20,000 jobs apiece.
Read more at http://www.westernjournalism.com/study-shows-obamacare-failboating/#k0Tx0M72vyH1f36h.99
Note: There are active links contained within the original article at the website posted above.
* * * * * * * * *
* * * * * * * * * Progressive Liberal Politics Must Die Today
So That Freedom Can Be Sure Tomorrow!!!
... Gary
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