Obamacare is causing many companies to cut down the number of employees they hire due to rising health insurance costs and for medical companies payment of the new medical-device tax.
The following YOUTUBE video of FOX news talk about how Obamacare is effecting Jobs.
Many top US companies have Layoff employees in large numbers, and many businesses like UPS the University of Virginia have eliminated spouse health care coverage all together as reported by Forbes and Bloomberg.Also, Walgreen recently told about 160,000 workers that they will have to buy isurance through a private exhange . Is Obamacare really helping families in this case or becoming a problem for them? Spouses of workers who first earned health care benefits,now aren’t as a result of this reform. Obamacare might have become a huge problem for employers as they need to cut costs in the business to earn greater profits and employees aren’t getting a good family coverage and this reform could be a threat to their job security and is increasing healthcare spending for an average family.
Obamacare could gradually result in a rise in unemployment as companies are laying off employees in large numbers and some employees might be unwilling to work with such increase health insurance costs. This could also result in fall in growth of companies as increased health care costs would result in decreases profits and thus, decreased reinvestment and development. The question rises that is this reform actually benefiting the country and its citizens?