October 26, 2021

Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease Employment

Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum, 15% Decrease EmploymentA 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 …

CategoryNet Percentage
Decrease Employment15.2
Increase Part-Time Workers16.7
Increase Outsourcing10.7
Increase prices28.8
Raise Healthcare Premiums85.3
Raise Healthcare Deductibles91.2
Raise Out of Pocket Maximums73.6
Increase Copays61.8
Reduce Medical Coverage38.3
Decrease Network Choices26.5

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

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