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Crunching the Numbers: ObamaCare is bad for jobs

“ObamaCare was the straw that broke the camel’s back,” a Reno small business operator recently told the Las Vegas Sun while describing how he’s been forced to sell one of his three Jimmy John’s franchises, “cut employment” and scrap plans to expand.  With the Supreme Court expected to announce its ruling on ObamaCare next week, similar stories about how the law is making it harder for employers to hire and grow continue to come in from across the country.
Here’s a by-the-numbers look at how ObamaCare is bad for jobs:

74: Percent of small businesses that say ObamaCare regulations and mandates “makes it harder for their businesses to hire more employees.” (U.S. Chamber of Commerce, 1/18/12)

800,000:  Number of jobs that the Congressional Budget Office predicts will be lost under ObamaCare (Weekly Standard, 2/10/12)

$2,000:  Fine per employee that small businesses must pay under ObamaCare if they fail to provide “government approved” coverage (Forbes, 4/23/12)

1 in 8:  Small businesses that have already seen their health coverage terminated due to ObamaCare (Kaiser Health News, 7/25/11)

47,000:  Jobs that will be lost as a result of ObamaCare’s medical device tax (American Action Forum, 6/4/12)

$478 Billion: Added health care costs attributed to ObamaCare through 2021 (Health Affairs, 7/2012)

4.1:  Percent private health care premiums are expected to rise in 2014 when ObamaCare is fully implemented (Health Affairs, 7/2012)

A new Resurgent Republic memo confirms that Americans agree that the “health care law is a drag on the economy.”  Seventy-three percent of Americans say they believe it is “very likely” or “somewhat likely” “that businesses will have to layoff employees due to health care law,” according to recent surveys cited by Resurgent Republic.  It’s no wonder that a broad majority continue to want it repealed.

Speaker Boehner and House Republicans made clear at the outset of the health care debate that reform should first do no harm, but Washington Democrats didn’t listen and rammed their 2,700+ page government takeover into law anyway.  Republicans have voted 30 times to repeal, defund and dismantle ObamaCare since taking a House majority in 2010 – and they aren’t letting up.

At a press conference earlier this week, Speaker Boehner said regardless of how the Supreme Court rules, anything short of full repeal is unacceptable.  Watch the video here.

READ MORE:

Speaker Boehner Reaffirms that GOP Won’t Settle For Anything Less than Full Repeal of ObamaCare 
Springfield Small Business Owner Says Obama Policies Are Hurting the Economy via JohnBoehner.com
President Obama Surprised ObamaCare is Hurting Small Business Job Creators
Boehner Signs NRCC #IWantRepeal Petition to Scrap ObamaCare