By Tom Quiner

In a typical economic recovery, the economy starts growing and eventually job creation follows suit.

I’m not overly optimistic about the likelihood of a robust surge in job creation because of Obamacare.

Let’s say you’re a small business owner with 47 employees. Obamacare creates a disincentive to add new employees, because once you hit 50 employees, you must provide health insurance or face stiff fines.

In other words, Obamacare increases the cost (and risk) of expansion.

The President is now telling health insurance companies how much profit they can earn, something marketplaces used to do with the oversight of state insurance commissioners. So what’s wrong with that? For one, it’s none of the federal government’s business. For another, insurance companies will be forced to cut benefits and even abandon unprofitable states. Consumers will have fewer choices, which leads to higher costs for employers to insure their employees.

What a job killer!

Obamacare has created tremendous uncertainty with employers. Uncertainty is the ultimate kiss of death for job growth.

Obamacare is poison to anyone looking for a job or fearful of losing their job.

1 Comment

  1. maxine bechtel on January 6, 2011 at 7:43 am

    Thanks for that insight into the problems in store for small business owners! There is so much wrong with Obamacare, that I sincerely pray that the GOP won’t cave and will carry out the plan to repeal it! Even though the President vows to veto it, MAYBE some Dems will see the light! We all need to be flooding them with letters urging them to support the repeal!

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