Those of us that pointed out Obamacare was going to hit everyone, but especially small businesses, hard in the pocketbook, but then also kill jobs, should feel a measure of vindication now that the LSM has been forced to admit that the truth is Obamacare has killed a lot of small business jobs and sucked big money out of the economy, but there is no joy in this information making the light of day after the LSM shills helped the America haters pass this economy killer.
Obamacare is taking a toll on small businesses, according to a new analysis of the effects of the health-care reform law, which found billions of dollars in reduced pay and hundreds of thousands fewer jobs.
Take-home pay at small businesses was trimmed by some $22.6 billion annually because of the Affordable Care Act and related insurance premium hikes, researchers at the American Action Forum, a center-right think tank headed by former Congressional Budget Office director Douglas Holtz-Eakin, found in a report released Tuesday.
Individual year-round employees at businesses with 50 to 99 workers lost $935 annually, while those at firms with 20 to 49 workers are out an average of $827.50 per person in take-home pay, the report found.
That report also says that there has been the loss of more than 350,000 jobs due to Obamacare-era premium hikes at small businesses.
You think? Free shit that ain’t free and the usual idiots figured they would demand the evil producers pay for ends up not only costing employees their home pay AND has resulted in reductions in job opportunities? I wonder if they only report on existing jobs that were killed, or if this number accounts for actual jobs that now will never materialize, as people that don’t like the idea that progressives can just rob them blind to buy votes under false pretenses, decide to not play along. My guess is this only accounts for real job losses. The LSM would hate to really have to report on how bad this boondoggle law is. I did find a silver lining though:
In five states, the losses have exceeded more than 20,000 jobs apiece, including Florida, New York, Ohio and Texas. California lost an estimated 42,788 jobs due to Obamacare, the report estimated.
It looks like with the exception of Florida, the states hit hardest, are all progressive bastions. There might be some justice in the universe still, I guess. But the pain has only just begun. While they are not addressing the issue of future small business job losses caused by Obamacare, they are talking about what’s happening, likely in an attempt to paint the small business owners in as negative as possible a light, by claiming that they are preemptively responding to this terrible law.
And those wage and job-level effects have come before the implementation of Obamacare’s employer mandate, which beginning in 2016 will compel firms with 50 to 99 full-time workers to offer them health coverage or pay a fine.
“We find evidence that the labor force is absorbing these detrimental costs even before the government has started enforcing the most stringent ACA regulations,” the report said. “These costs are likely a result of businesses preparing for the employer mandate, providing health insurance to workers and losing access to low-cost coverage.”
Bastages! How dare they do whatever it takes for Obamacare not to put them out of business? Don’t they know that their jobs is just to be the money bags for the progressives and their cockamamie schemes and scams? Profiteers! Healthcare is a right. More government meddling to force them to play along and swallow the poison pill! And all that other nonsense not being spoken, but implied. The evil scum are responding to their civic duty by working within the framework of this insane and costly law to ensure their ability to survive.
Batkins said the research detected a marked response at small businesses to insurance premium prices after the implementation of the ACA in 2010, in contrast to how those employers responded to price hikes before the law was adopted. Specifically, there was a correlation between small businesses’ cutting jobs and workers’ take-home pay being reduced when premiums went up after the ACA took effect, as opposed to before.
“While there was no significant relationship between health-care premiums and employment before the ACA, since 2010 small businesses have slowly started shedding jobs and reducing wages,” the report said.
That nonsense is code for they are also not creating any new jobs as well. Welcome to what everyone predicted about the impact of this behemoth on small businesses, which happen to form the backbone of the American economic engine. Of course, with progressives loving big and married to government, this is a feature to these types. Unfortunately for them though, the mega corps are not going to do much better. Business, those with over the 99 employee threshold, but especially the big conglomerates, usually unionized, that tend to contribute big to democrats in return for special favors, unless they were able to buy an exclusion, are also getting into the game. Many of these entities are looking at the soon to come employer mandates and will be quite happy to drop all insurance for their workforce.
“Obviously, these are huge numbers,” lead author Sam Batkins said about the findings.
And because of the employer mandate coming down the road, “we expect the trends to worsen,” Batkins added.
You think? Wait until employers dump people, en mass, and we all find out, yet again, that the progtards lied about being able to keep your plans, doctors, and decent and affordable coverage. VA quality care for everyone, with longer waits, and at higher prices! But they meant well! Maybe that’s why they are flooding the country with illegals while denying people that are legally applying entry in the country too. They mean well. Let’s look at some numbers:
In all, the $22.6 billion in reduced take-home pay equals 6 percent of all wages in the small-business category.
The 350,000 estimated jobs the report said have been lost in small businesses because of Obamacare came entirely from employers with just 20 to 49 workers.
Again. That’s a big chunk of change, and the numbers that lost employment, while scary and not trivial, pales compared to the fact that new jobs are impacted even worse by this crap law. In the meantime, government employees that are exempt from Obamacare are seeing big raises. There is a reason that Obama decided to push the employer mandate (not to be confused with 2 guys going on a date) past the coming election cycle. These scumbags know it will be devastating, but don’t much care other than it can impact their reelection chances so they can keep their hold on power. Awesome stuff.
Asked if the overall costs to small business employment and wages are warranted by Obamacare’s goal of providing affordable health insurance to millions of uninsured people, and of improving the quality of insurance offered to enrollees, Batkins said, “I think the jury is still out.”
“This report has shown that the costs are fairly high,” Batkins said. “And the enrollment is going to have to be fairly high, as well, to cover the costs.”
Yeah sure, the jury is only out if you can’t admit that this was a horrible and economically crippling idea, because you are riding the “I want to buy your vote with the false promise of free shit” bandwagon. There is no fixing this monstrosity. It needs to be repealed. Killed dead. Then we can go about actually pushing for the things that fix the system and reduce costs instead of helping democrats destroy it so they can push for a single payer system that will finally allow them to use healthcare as yet another cudgel to beat those that will not bow to the all mighty nanny-state into compliance.