Tags: Obamacare | small business | jobs | health coverage

Think Tank: Obamacare Destroys Small-Business Jobs, Lowers Pay

By    |   Tuesday, 09 September 2014 08:33 PM

While Obamacare was implemented to help the little guy, that hasn't been the case, according to a study from the American Action Forum, a center-right think tank.

The report found that the Affordable Care Act is cutting small-business workers' pay by at least $22.6 billion a year. And it calculates that Obamacare has eliminated 350,000 jobs. The study defines a small business as one that employs 20 to 99 workers.

"The relationship between rising premiums and lower pay was already well known in academic literature," the report states. "Our research simply measured how the ACA has affected the relationship between health-insurance premiums, small-business wages, and employment."

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The report identifies several regulations under Obamacare that hurt small-business workers. For example, employers with at least 50 workers must offer health insurance to them. And employers face limited options in choosing low-cost coverage.

Mortimer Zuckerman, chairman of U.S. News & World Report, agrees that Obamacare has damaged the job market.

"Many employers cut workers' hours to avoid the Affordable Care Act's mandate to provide health insurance to anyone working 30 hours a week or more," he wrote in The Wall Street Journal.

"The unintended consequence of President Obama's signature legislation? Fewer full-time workers. In many cases two people are working the same number of hours that one had previously worked."

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While Obamacare was implemented to help the little guy, that hasn't been the case, according to a study from the American Action Forum, a center-right think tank.
Obamacare, small business, jobs, health coverage
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2014-33-09
Tuesday, 09 September 2014 08:33 PM
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