Here’s a solid example of when the government tries to help in the form of excessive rules and regulations, those who are supposed to receive the help often end up paying the price.
Healthcare costs for employers have risen by about 10 percent as a result of Obamacare mandates, causing employers to hire fewer full-time workers.
According to the U.S. Chamber of Commerce, as reported by the Washington Free Beacon:
Over 21% of manufacturers and nearly 17% of service firms say they reduced the number of employees because of the law, while only about 2% of each have hired more workers.
What’s more, nearly 20% of both manufacturers and service firms say that Obamacare has pushed them to increase their proportion of part-time workers, but just under 5% of each type of firm said they have lowered them.
The sad truth is the health care law is pushing higher health costs onto employers and incentivizing them to hire more part-time workers. Despite passing a law in 2010 loaded with rules, regulations, mandates, and taxes, health care reform is needed more than ever.
Government can’t saddle companies with extra costs and regulations, and expect no change in the way they do business. Extra costs must be dealt with in some way, whether through increasing prices or cutting expenses.
If Obamacare teaches America any lesson, it should be this: If you want big government, you’re going to have to pay for it.