Comment: an absolutely devastating, real-world indictment of the unAffordable unCaring Act of 2010.
“In a Philadelphia Fed survey of regional manufacturers out Thursday, 18% said they employ fewer workers due to the Affordable Care Act than they would in its absence. Just 3% say employment levels are higher as a result.”
“Further, 18% said part-timers make up a greater share of workers due to ObamaCare, which absolves employers of responsibility for health care for those who work fewer than 30 hours a week. Just 1.5% said they’ve scaled back part-time work in response.”
[...] “The New York Fed released two surveys on Monday showing that 22% of manufacturing and 17% of service firms are carrying fewer workers in response to ObamaCare.”
[...] “In the Philadelphia region, including parts of Pennsylvania, New Jersey and Delaware, 29% of manufacturers said they’ve raised prices to offset ObamaCare’s impact, with 0% saying the law led to a price cut.”
“In the New York area, 36% of manufacturing and 25% of service firms blamed ObamaCare for price hikes.”
“Among the 51.5% of Philly-area firms who say they’ve modified health benefits in response to ObamaCare, 88% said they’ve hiked employee contributions to premiums and 91% said they raised deductibles.”
ObamaCare Slows Hiring, Raises Prices: Fed Surveys
By JED GRAHAM, INVESTOR’S BUSINESS DAILY
Posted 08/21/2014 06:16 PM ET