Duke Survey Shows Obamacare To Damage U.S. Employment And Health Benefits

Gee, if only someone had predicted that something like this could happen going back to the time before the “Affordable” Care Act was passed. This was information that people really needed! Interestingly, this survey is mostly being ignored by the national media. Nationally, I can only find an article by CBS News and a blog post with a short blurb at the Wall Street Journal

(WRAL) Corporate financial chiefs say they expect to reduce hiring and also move more jobs to part-time status as a result of the Affordable Care Act, according to a new survey from Duke University and CFO Magazine.

Many companies also are considering a reduction in health care benefits for employees.

“The results were startling to us. This will significantly impact employment,” said Campbell Harvey, a professor of finance at Duke’s Fuqua School of Business. “I think the people who drafted the bill probably never anticipated such a negative effect on employment, especially in a time when we really need employment growth.”

Those who crafted, supported, and voted for the ACA might not have anticipated it, but opponents of Democrat health care/insurance “reform” talked about it and predicted it quite a bit. And noted it after passage. And noted the move of so many to part time when HHS released the rules as to what is considered full time. And noted that the economy was partially stuck thanks to Obamacare (oops, that’s a raaaaacist word).

Almost half of the 500 companies surveyed are “reluctant” to hire full-time employees, the survey found, and one in 10 may lay off current employees in response to the law.

More than 40 percent of CFOs surveyed say their companies will consider switching some full-time jobs to part-time jobs in 2014.

“Unintended consequences” or something. Then there’s this from the Duke School of Business, which performed the survey, but is not mentioned in any of the articles on the survey from news organizations

In addition, 44 percent of companies say they will consider reducing health benefits to current employees in response to the ACA.

My, my, my, this law is working out really well, wouldn’t you say?

Crossed at Right Wing News.

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2 Comments

Comment by Blick Subscribed to comments via email
2013-12-12 09:09:38

Very little discussion around the news/web of the impact of millions of policies cancelled and not replaced. I would think insurance companies are going to have a hard time with cash flow.

 
Comment by Gumballs_Of_Winter Subscribed to comments via email
2013-12-12 22:18:30

Those who crafted, supported, and voted for the ACA might not have anticipated it,

Oh yes they did. all who crafted it knew everything would happen. Those who voted, sort of knew because there were debates on both floors of congress about the damage that would ensue. They also heard about it during the town hall meetings.

I would think insurance companies are going to have a hard time with cash flow.

except, that Obama and Sebellius has now promised to pay the difference\loss that insurance companies incur. however, the bad PR is affecting them more than they probably imagined.

Almost half of the 500 companies surveyed are “reluctant” to hire full-time employees

Well, there’s a shocker.

Yep, working as planned. Perfectly.

 

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