“Today, the argument is that ObamaCare is good for American business. Though there are sure to be those who experience some benefit under the new law, its overall effect will be to cause great harm to job growth and the economy at large. By and large, ObamaCare will also fail to remove the obstacles that smaller employers face to provide health insurance for workers.”
“Starbucks chief executive Howard Schultz says the health overhaul law’s employer requirements will impose “too great” a pressure on small businesses.
Schultz supported the law as he watched his company’s health insurance tab — $250 million as of last year — surmount its coffee bill. But he told The Seattle Times in an interview published Tuesday that he’s now worried about what happens when it takes full effect in 2014.”
“House Democrats held a birthday party last week for passage of the health-care law. Just as we looked at Senate Minority Leader Mitch McConnell’s floor speech noting the milestone, we will now examine some of the claims made by Democrats…
By contrast, House Democrats appear to show little hesitation about repeating claims that previously have found to be false or exaggerated. So let’s take a tour through the numbers.”
“The number of temporary healthcare reform waivers granted by the Obama administration to organizations climbed to more than 1,000, according to new numbers disclosed by the Department of Health and Human Services.
HHS posted 126 new waivers on Friday, bringing the total to 1,040 organizations that have been granted a one-year exemption from a new coverage requirement included in the healthcare reform law enacted almost a year ago.”
“The claim that repeal will ‘kill jobs’ is based on the idea that lower health care costs will make it easier for employers to hire workers. That might be worth considering if there were any provisions in the new health reform law that could reasonably be expected to lower ‘costs.'”
“If waivers are necessary to keep 733 insurance plans in place now, think of what will be necessary in 2013, when the amount policies must cover in a year will be nearly three times that cost, or in 2014, when full-blown PPACA kicks in and insurers are prohibited from offering a policy without unlimited coverage. The waiver option will be gone: nothing in PPACA gives HHS the authority to waive the statutory ban on annual limits. At the same time, other parts of PPACA will require Americans to have more comprehensive insurance than what they have now. Ineluctably, the result will be to require Americans to purchase insurance packages far more comprehensive and far more costly than what HHS has already determined in 733 cases is too expensive to buy.”
“I will discuss why the Affordable Care Act is much more likely to increase the deficit than
reduce it; explain how the mandates, taxes, and penalties that it imposes on insurers and employers will
increase health care costs and decrease employment; and conclude by exploring the negative effects of
regulatory uncertainty at a time when companies are ‘sitting’ on trillions of dollars in cash that could
be used for job creation.”
“The Society for Human Resource Management conducted the poll in late December, before a federal judge struck the law down and the House voted for repeal. At the time, 48 percent of respondents said they were waiting for more regulatory guidance on specific provisions, while 13 percent said they were hoping for full repeal.”
Chili’s, the popular chain restaurant, is trimming staff and changing their operating procedures in anticipation of ObamaCare’s new labor costs.
“A week after Republicans announced plans to investigate waivers granted to organizations for healthcare reform provisions, President Obama’s health department made public new waivers for more than more than 500 groups.”