ObamaCare Shrinks Small Biz Workers Incomes by $22.6 Billion ObamaCare was sold on the faux premise of saving both consumers and businesses money in health care costs. A new report by the American Action Forum finds that, not only is this assertion a big lie, but the Affordable Care Act is pulling more than $22.6 billion every year out of small business workers incomes -- and ObamaCares just getting started. CNBC reports, Individual year-round employees at businesses with 50 to 99 workers lost $935 annually, while those at firms with 20 to 49 workers are out an average of $827.50 per person in take-home pay, the report found. That report also says that there has been the loss of more than 350,000 jobs due to Obamacare-era premium hikes at small businesses. Worse, those wage and job-level effects have come before the implementation of Obamacares employer mandate, which beginning in 2016 will compel firms with 50 to 99 full-time workers to offer them health coverage or pay a fine.
Posted on: Wed, 10 Sep 2014 15:38:26 +0000
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