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And so it begins: ObamaCare kills jobs
By HERMAN CAIN - To the surprise of no one who understands anything.
When Democrats passed ObamaCare, they told us it wouldn’t affect the private insurance coverage any of us already had. “If you like your coverage, you can keep your coverage,” is what Obama said.
Just one problem. You can’t keep your coverage if, thanks to ObamaCare, it no longer exists.
According to Mark Zandi at Moody’s Analytics – and Zandi is a big Obama supporter, by the way – ObamaCare is going to have a negative impact on job creation in 2013 because companies who have 50 full-time employees or more are going to be forced to provide health coverage for everyone who works more than 30 hours a week, or pay a fine.
What do companies do if they can’t afford the health coverage? They keep their employment level under 50. Or they don’t give workers 30 hours a week. The law also allows companies to exclude the first 30 employees when calculating the cost of their fines. So how do you avoid fines? Don’t hire more than 30 people!
Democrats do not understand business very well. They don’t understand that when you pass a law that imposes new costs on businesses, those businesses will do what they can to mitigate the effects of those costs. When you make it more costly to hire people, there will not be as many people hired.
The fact that these real-world impacts are now being announced, as if no one anticipated them, is both entertaining and highly disturbing. We are being governed by people who don’t understand the impacts of their policies, people who think they can simply mandate anything and it will happen with no unintended consequences. I hope their ignorance doesn’t cost you your job.