Is obamacare bad for business

Some have been around for years, and others are relatively new. Most touch on three topics: Republicans have made the overblown claim that the law is a job-killer, but experts predict a small impact on mainly low-wage jobs.

Is obamacare bad for business

The Affordable Care Act, also known as Obamacare is not what the doctor ordered or what the people wanted. Every single poll ever conducted since its inception has shown more Americans in favor of its repeal than against it.

The bill is a staggering 2, pages of hidden fees, oppressive taxes, and job killing regulations. According to a recent study from the Committee on Oversight and Government Reform Obamacare will make it harder to recruit and pay highly qualified workers. A government law that actually punishes a business from growing?

Once a business has 50 Is obamacare bad for business more total employees the Obamacare mandate provisions kick in. Many small businesses will be forced to make critical decisions. Should they continue to offer health insurance for their employees or should they pay the fine instead?

The businesses that decide not to expand and remain under 49 employees do not have to offer health insurance.

Is obamacare bad for business

Obamacare has already been proven to be bad for business and will continue to cost small businesses more in production, labor, and manufacturing expenditures. The Congressional Budget Office projects that the healthcare law will lead tofewer jobs by the end of this decade alone.

In a cruel and ironic twist, Obamacare will also disproportionately affect the people it was designed to help the most; the poor.

According to a recent joint study by Harvard and the University of Chicago, the workers most affected by Obamacare will be younger workers, minorities, and entry level or labor heavy workers.

This is the exact group of people who can least afford to pay anymore for their health insurance. Instead of hiring and training new cashiers, receptionists, and customer service representatives small businesses will be forced to cut costs.

They will develop new techniques such as automated kiosks and scanning machines instead of live workers. The end result will be fewer jobs for the people that need them the most.

So when the poor get sick and suffer health problems from the added stress of not being able to find a job they can take comfort in the fact that they will be taken care of with government run healthcare.

Article Continues Below Advertisement Here are a few examples of what type of decisions job creators are now asking themselves.

Under the law, the company which is the third largest pizza chain in the United States will have to offer healthcare coverage to its more than 16, total employees or be subjected to a fine.

In order to offset the additional costs associated with the law many businesses like Papa Johns are passing the costs on to their customers by increasing their prices. It unfortunately is a no win situation for me.

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Obamacare will cost me between 20, and 30, dollars per year in new taxes. Many businesses owners, including myself are leaning towards dropping the coverage and paying the fine. People have to recognize that this issue is front and center to every CEO I speak to.

They tell me it is less expensive and less burdensome to hire and place workers in other countries. As a result of the law a lot more businesses will set up operations in China, India, or even Mexico. In an attempt to solidify more support for his healthcare bill the President said this.

If you have health insurance that you like, a doctor that you trust, you can keep your current plan.(CBS News) NEW YORK CITY - Most parts of Obamacare will take effect next year, but a lot of small businesses are already making plans.

At the Five Guys restaurant in New York City, burgers and. Obamacare has already been proven to be bad for business and will continue to cost small businesses more in production, labor, and manufacturing expenditures.

Roughly74% of small businesses have said the main reason they are not hiring is because of the law.

The Pros and Cons of ObamaCare

Mar 28,  · But "ObamaCare" is very, very bad for the country and very, very bad for business. There's no question about it. VAN SUSTEREN: Well, the . Second, it raises taxes on some businesses and higher income families. Third, it shifts cost burdens to health care providers and pharmacy companies.

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Third, it shifts cost burdens to health care providers and pharmacy companies. Survey Shows Small Businesses Suffering Under Obamacare Survey Shows Small Businesses Suffering Under Obamacare of employees into Obamacare exchanges. This is not only bad for the.

Is obamacare bad for business

Is ObamaCare Bad for Business On March 23rd, , President Barack Obama signed into legislation the “Patient Protection and Affordable Care Act.” Since then, the new bill, nicknamed “ObamaCare,” has sparked heated controversy all across the country between Democrats and Republicans, each side fiercely tearing at each other with facts and statistics.

Top 5 Reasons Obamacare is Bad for Business - CBS News