Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease Employment
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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 ...
|Increase Part-Time Workers||16.7|
|Raise Healthcare Premiums||85.3|
|Raise Healthcare Deductibles||91.2|
|Raise Out of Pocket Maximums||73.6|
|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