Yesterday, the Daily Caller reported that one of the taxes in ObamaCare will result in the loss of between 152,000 and 286,000 jobs by 2023. The tax is the health insurance tax which charges insurance companies according to their percentage of the insurance market — the more health plans sold (Obamacare’s goal), the more insurers are required to pay.

The tax will actually impact small businesses, raising their insurance costs. The National Federation of Independent Business (NFIB) estimates that 57 percent of the jobs lost will be in companies with less than 500 employees. Small business is the backbone of the American economy, the economic policies of the Obama Administration are undermining the strength of our economy.

The article reports:

The federal government expects to collect $8 billion from the tax in 2014, $11.3 billion in 2015, with the pot growing to $14.3 billion by 2018. While the Obama administration may have intended for the tax to take a hit at insurers’ profits, the cost of the tax will likely be passed along to those purchasing the plans — which in the vast majority of cases are employers.

The American Action Forum, a Washington-based free-market think tank, estimates that the health insurance tax will add $101 onto customers’ premiums in 2014 and $143 in 2015 and 2016.

ObamaCare is not good for Americans, and it is not good for the American economy. We need to elect people in November who are willing to repeal it. There are ideas in ObamaCare that can be included in new healthcare programs, but ObamaCare has to go.