Obamacare’s impact on employment: An early look
Everyone who knows anything about economics could infer based on economic theory that Obamacare could not possibly be a job killer. Now there are studies to confirm the reality.
Based on how Obamacare was paid for, additional dollars that would have been out of circulation, invested out of the country, or simply sitting on the sidelines, were added to the economy where it is spent immediately for healthcare and thus juicing the economy. And of course as a humane society it is the right thing to do. While politicians have no problem lying for ideological reasons, math is absolute.
The CBS Moneywatch article “Obamacare’s impact on employment: An early look” is a must read. The following snippet of the article is noteworthy.
Before the Affordable Care Act went into effect last year, critics claimed it would lead to job losses and cuts in employee hours. But how is it really playing out?
The dire predictions have so far proved to be unfounded, according to a new research paper from Federal Reserve Bank of New York economist Maxim Pinkovskiy. The fear was that employers who were newly required to provide health insurance to their workers would opt instead to cut hours or fire employees. But early numbers show that locations with a high percentage of uninsured Americans, such as Texas, ended up experiencing a rise in employment, salaries and output in comparison to areas with less exposure to the health care law, Pinkovskiy noted.
These realities should not be surprising. Americans were lied to for ideological reasons. Many Americans have died and will die because many Red State politicians have placed their ideology over the health and well-being of their citizens. If you live in one of those states note that on average one in 8 of your friends, families, and neighbors are at risk. In Texas and other southern states it is closer to 1 in 4. Some have died and some will die. Your vote in forthcoming elections makes you either their savior or complicit in their execution.