The ripples of Obamacare is now being felt from the The Federal Reserve Bank of New York which found out today that found that 17 percent of service sector firms and 21 percent of manufacturers are reducing the number of workers they employ due to the once praised “Obamacare”.
The New York Federal Reserve produces the highly informative monthly “Empire State Manufacturing Survey/Business Leaders Survey.” But due to employer concerns about exploding health insurance costs, the NY Fed conducted a “Supplemental Survey Report” to determine the impact of Obamacare on employment trends. CONTINUE
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I wonder if these job losses due to Obamacare is because heaven forbid the stock holders get a 2%return rather than a 2.5% return. Or I wonder if the those same numbers could be used for profits, and business owners rather than pay for health insurance are keeping more profits. It is not that I am against profits, that is what keeps a business going, but if we are to address the need for healthcare what is this country going to do about it? Will the government address bloat in health insurance companies, or the bloat in medicine generally? I do not see why people have to sacrifice their health and well being so some greedy jerk can keep more money.