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Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of

IMG Auteur
Mish
Global Economic Analysis
Published : August 21st, 2014
114 words - Reading time : less than a minute
( 2 votes, 5/5 )
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FOLLOW : Obamacare
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Category : Opinions and Analysis

A special question on the impact of Obamacare on businesses in the August Philly Fed Manufacturing Survey shows the stunning failure of Obamacare.

Here are the results in table form. I added the net results in red.



click on chart for sharper image

Net Percentage of Manufacturing Firms That ...

CategoryNet Percentage
Decrease Employment15.2
Increase Part-Time Workers16.7
Increase Outsourcing10.7
Increase prices28.8
Raise Healthcare Premiums 85.3
Raise Healthcare Deductibles91.2
Raise Out of Pocket Maximums73.6
Increase Copays61.8
Reduce Medical Coverage38.3
Decrease Network Choices26.5


As always, I encourage everyone to look on the bright side: A net 2.9% of manufacturing firms cover a higher percentage of the lower number of employees they have.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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