OBAMACARE FACT CHECK
Politico reports, “Health and Human Services Secretary Kathleen Sebelius says there is ‘absolutely no evidence’ that the Affordable care Act will drive down employment, despite a report from the Congressional Budget Office released Feb. 4 predicting fewer people would be working.” Meanwhile, a new report from AdvaMed finds that the health law’s medical device excise tax alone “has resulted in employment reductions of approximately 14,000 industry workers and forgone hiring of 19,000 workers,” with as many as 132,000 jobs indirectly effected. This means “a total job loss due to the tax of as many as 165,000 jobs.” And the health care law imposes much more than the burdensome medical device tax – consider rising costs of premiums, new mandates on health care plans, onerous paperwork requirements, and the now twice-delayed employer mandate.
Although the administration has twice announced unilateral temporary delays to the employer mandate, businesses across the country are still struggling to crunch the numbers to determine how they can afford to comply with the law. The Wall Street Journal reports, “several small businesses said Tuesday that the extra time offered only minimal relief.” Why? “‘All it’s doing is delaying the ultimate for another 12 months,’ said Tim Copeland, co-owner of Copeland Furniture Inc., a manufacturer in Bradford, Vt., with 95 employees.”
As Charles Krauthammer explains in The Chicago Tribune, “The administration now is conceding, inadvertently but unmistakably, Obamacare’s other effect: involuntary job loss. Last Monday, the administration unilaterally postponed and weakened the employer mandate, already suspended through 2015, for yet another year. …This is not rocket science. Both the voluntary and forced job losses were utterly predictable.”