Obamacare's Negative Impact on the Economy Persists

It seems that the discussion of Obamacare continues all over the nation, according to Dan Weber, president of the Association of Mature American Citizens.

"We're in an important election cycle and the Affordable Care Act was introduced early on as the issue that will shape the outcome of key Senate races. Republicans have the very real potential of taking control of the Senate in November, say the pundits. Thus, the healthcare law will remain topic A in the campaigns despite the fact that most of us are tired of the talk and just want to see appropriate measures taken to save us from the harm Obamacare will inflict going forward."

As Weber confirmed - by citing reports issued this week by the Federal Reserve Banks of New Yorkand Philadelphia - the law is having an ongoing negative impact on job creation and consumer prices. The reports demonstrate that the cost of providing health insurance coverage is rising firmly, and will continue to increase, in both the manufacturing and service sectors. Therefore, companies are cutting down their full-time work forces and raising the prices of the goods and services they produce.

"That's not good news for the economy. It confirms the notion that America is turning into a nation of part time workers with less money to spend. In addition, small businesses have been particularly hard hit. According to the American Action Forum, some 350,000 small business jobs have been lost and take-home pay for those still working has been reduced by more than $22.6 billion as a result of Obamacare."

In the meantime, new polling by the Kaiser Family Foundation, the Wall Street Journaland NBC News informs us about something we have already known - that the majority of the country is against Obamacare.

"But while the polls also show that both sides of the mid-term election campaigns across the country are beating the Obamacare horse to death, they also show that the rhetoric is not changing the overwhelming negative opinion of the law. People simply want our lawmakers to stop talking and do something about the not-so-Affordable Care Act."

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