Obamacare's Negative Impact on the Economy Persists

Obamacare's Negative Impact on the Economy Persists

It seems that the discussion of Obamacare continues all over the nation, according to Dan Weber, president of the Association of Mature American Citizens.

"We're in an important election cycle and the Affordable Care Act was introduced early on as the issue that will shape the outcome of key Senate races. Republicans have the very real potential of taking control of the Senate in November, say the pundits. Thus, the healthcare law will remain topic A in the campaigns despite the fact that most of us are tired of the talk and just want to see appropriate measures taken to save us from the harm Obamacare will inflict going forward."

As Weber confirmed - by citing reports issued this week by the Federal Reserve Banks of New Yorkand Philadelphia - the law is having an ongoing negative impact on job creation and consumer prices. The reports demonstrate that the cost of providing health insurance coverage is rising firmly, and will continue to increase, in both the manufacturing and service sectors. Therefore, companies are cutting down their full-time work forces and raising the prices of the goods and services they produce.

"That's not good news for the economy. It confirms the notion that America is turning into a nation of part time workers with less money to spend. In addition, small businesses have been particularly hard hit. According to the American Action Forum, some 350,000 small business jobs have been lost and take-home pay for those still working has been reduced by more than $22.6 billion as a result of Obamacare."

In the meantime, new polling by the Kaiser Family Foundation, the Wall Street Journaland NBC News informs us about something we have already known - that the majority of the country is against Obamacare.

"But while the polls also show that both sides of the mid-term election campaigns across the country are beating the Obamacare horse to death, they also show that the rhetoric is not changing the overwhelming negative opinion of the law. People simply want our lawmakers to stop talking and do something about the not-so-Affordable Care Act."

What do you think? Share with us in the comments below.

Feedback/Comments

Add a comment

Posting comment as guest.
If you already have an account, please LOGIN.
If not, you may consider creating on. It’s FREE!




Popular new stories

12/21/15
THE FOX GUARDING THE HEN COOP

1/18/16
Health is only what’s easy to measure: the case for mental health tracking

Categories

Editors List

Cash Doctor (Administrator)

Cooper B (Cooper)

George B (George)

Grace B (Grace)

Rob Stehlin (rob_stehlin)

Tags

8 word solution to healthcare access to health care access to information affordable health care afghanistan war ai-enabled healthcare annual cost of medical errors in usa apple healthkit bad healthcare barack obama big data cash doctor app cashdoctor app cashdoctor community cashdoctor mission cashdoctor.com platform cash-only patients college students are hurting consumer empowerment cost increases cost of health care cost reduction cost transparency crowdsourcing healthcare information data mining destroyed lives direct pay physicians direct pay practice direct pay system disruptive technologies dr. oliva blog post florida hospital association future healthcare google knowledge graph health health apps health care health care debate health care deception health care hidden agendas health care reform health insurance health insurance is a right health law health measures health plan healthcare healthcare changes healthcare decision making healthcare factors healthcare impact healthcare insurance healthcare lies healthcare movement healthcare price transparency healthcare reform healthcare solution healthcare system healthcare transparency health-related queries higher deductibles hospital cash discount hurt women hurt young people insurance insurance scam internet self-diagnosis large price increases lost jobs measuring value medical data privacy medical debt medical records privacy medical services price sharing medicare payments mobile apps mobile health search mobile healthcare mobile medicine obama obama administration obama’s health care lies obama’s manipulation obamacare obamacare and babies obamacare and pregnant women obamacare deception obamacare disinformation obamacare lies opposed to obamacare patient empowerment physician extenders ppo prefered provider organizations pregnant women and healthcare president obama prevention price comparison data price transparency privacy breach public agenda national survey public expectations on price information searching for healthcare costs share cost sharing information about medical costs social media impact on healthcare standardization of medical procedures symptom search telemedicine transparency transparent free market solution u.s. health system unmet needs us healthcare 2015 predictions usa today analysis user-friendly healthcare it value-based healthcare value-based points what women think of obamacare white house lies women women hate obamacare world hospital database