ObamaCare’s Small Business Slowdown President Obama says his health care law is “working fine,” but another Democratic lawmaker is on the record today saying they’re “moderately to very concerned” about “the cost of care going up.” The top Democrat in the U.S. Senate says the law will cost even more to implement (lest it become a “train wreck”). And the small business slowdown it’s creating is leaving workers and families with… • …fewer jobs and slower economic growth: Economist Mark Zandi told CNBC that“smaller businesses are experiencing much weaker growth,” and the slowdown is “likely attributable to the onset” of ObamaCare. A survey of small business owners found “71% say the law makes it harder for them to hire more employees.” • … lower wages: Some small businesses may be forced into “increasing employees’ share of the premiums,” or will have to “stay under the 50 full-time employee threshold or deliberately turn full-time workers into part-timers.” The Los Angeles Times says many part-time workers will “earn less money” and “miss out on health insurance at work” because of ObamaCare. • …higher costs: “Obamacare will significantly increase premiums,” according to the Energy & Commerce Committee. Seventy-seven percent of small business owners [...]
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