The Cost Of ObamaCare

Yesterday the Washington Examiner posted an editorial explaining the impact Obamacare will have on jobs.

The article reports:

And so in order to avoid paying fines or buying massively more expensive health plans that are Obamacare-compliant, Darden is now experimenting with limiting its employees’ hours instead. By keeping workers to fewer than 30 hours per week, Darden can categorize them as “part-time.” Thus, the company avoids the Obamacare fines and leaves employees to the new government health insurance exchanges, where they may receive subsidies to purchase insurance. At least two other restaurant chains — White Castle and McDonald’s — are considering similar plans.

Thus, Obamacare is resulting in people working fewer hours, less tax revenue for the government, and bigger government.

The article concludes:

So to sum up, Obamacare is leading to fewer hours worked, less tax revenue for the government and bigger government subsidies for health insurance for people who were already insured in the first place. If enough companies do this, Obamacare will become a massive dead weight on the federal budget, even as it does little more than shuffle people from one insurance plan to another, whether they like it or not. The Congressional Budget Office estimates, at the high end, that 20 million workers could see their health plans dropped thanks to Obamacare.

One person who commented on the article at the Washington Examiner stated:

In 2009, Barack Obama stood up before the nation, and boasted that, if Obamacare was passed, you could keep your original health care plane.   That clearly was an out and out lie.

The more we see of Obamacare, the worse it gets. It needs to be repealed and replaced as soon as possible. The replacement needs to balance the needs of the health insurance consumer with the needs of the health insurance companies. There is nothing wrong with health insurance companies making a profit–that is why they are in business. The challenge is to make sure that they also meet the needs of the consumer.

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