Benefits and even jobs will be lost in the wake of ObamaCare. Yahoo business page reports:
Remember the part in the ObamaCare pitch when they said if you like your current health care, it won’t change? Turns out it might.
Companies are already announcing that their health care premium costs are going through the roof. Some are responding by firing people. Some are cutting benefits. And some are presumably eating it.
One thing Washington never gets is the economic rule of rational expectations. That rule says people will react to changes in the law. The reaction of employers may not be intended but it is predictable.
It is not correct that “some are eating it”. It is the consumer that will pay it because all expenses are eventually reflected in the price. The alternative ends in bankruptcy.
Bob B
RANDOM THOTS 