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Obamacare killing jobs in New York area, executives tell Federal Reserve survey

Posted by Farmboy @ 12:19 on August 17, 2016  

Obamacare is killing jobs in and around the Big Apple, executives say.

About 20 percent of companies in the New York region say they are cutting their workforce in response to the Affordable Care Act, according to a new Federal Reserve Bank of New York survey.

And most companies said they will be paying more in insurance premiums, and requiring their workers to pay a bigger share of those premiums, as a result of Obamacare.

The survey results come two days after the large health insurer Aetnajoined rivals UnitedHealth Group and Humana in announcing it would significantly cut back the number of geographic areas where it sells Obamacare plans next year due to steep losses on those plans.”

http://www.cnbc.com/2016/08/17/obamacare-killing-jobs-in-new-york-area-executives-tell-federal-reserve-survey.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.