Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease Employment

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Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease Employment

Thursday, August 21, 2014

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 ...

Category	Net Percentage
Decrease Employment	15.2
Increase Part-Time Workers	16.7
Increase Outsourcing	10.7
Increase prices	28.8
Raise Healthcare Premiums	85.3
Raise Healthcare Deductibles	91.2
Raise Out of Pocket Maximums	73.6
Increase Copays	61.8
Reduce Medical Coverage	38.3
Decrease Network Choices	26.5

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

Author » Unknown ❖ 1:00 PM

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