Remember when some responsible government types said that Obamacare would make your life more expensive? Remember how the administration laughed and laughed and hit them with a stick marked “Bend the Cost Curve”? The cost curve is surely bending now, but it’s bending in the wrong direction.
The CEO of Papa John’s ran the numbers and announced that Obamacare will make each of its pizzas more expensive by 15 to 20 cents. So if you like your pie, you can keep it, but it’ll cost you more. Ditto your donuts, hamburgers and nearly everything else.
On the other hand, there are some things that will decrease thanks to Obamacare, like employment and the size of our paychecks. From the same Weekly Standard article:
“Randall Tabor, who owns two Quiznos sandwich restaurants in Virginia Beach, Va., once aspired to triple the number of outlets he owns.
“But after the federal health-care overhaul passed in 2010, Mr. Tabor says, he shelved those plans. The law requires that employers with 50 or more full-time workers provide health insurance to employees by 2014 or pay a penalty. Mr. Tabor, who employs 36 people at his two Quiznos shops and another restaurant, wants to stay small so he doesn’t trigger the requirement.”
The Journal adds, “Other franchisees are looking at ways to avoid the [coverage] requirement by cutting workers’ schedules so they work fewer than 30 hours a week — the law’s definition of a part-time worker — since only full-time workers are counted toward the insurance coverage requirement.”
Earlier, the White Castle hamburger chain noted that a single provision of Obamacare would cut its net income in half — and then some.
Some employers, between 6 and 10 percent, will drop their health insurance plans and pay the Obamacare tax while others will simply refuse to hire more, as the Journal article notes. In fact, the unemployment rate today is a direct reflection on the cost increases employers expect from Obamacare. The Heritage Foundation found that the number of jobs the private sector created each month after the bill passed dropped to a tenth of what it was before the bill.
So far, the unpopular government health care scheme has made our lives more expensive, less convenient, and is likely to make us less healthy. The best thing our Congress can do for us is to repeal it entirely and watch us take control of our economy again.