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Obamacare: Supposedly Increasing Insurance Coverage at the Expense of Workers’ Hours?
The 2012 September Jobs’ report lowered the unemployment rate to 7.8% after 114,000 full-time and 582,000 part-time jobs were created last month. This rate moved 0.3% lower from its 8.1% unemployment rate calculated from the August
Delving more in-depth into the new mandate of Obamacare, one must look into the new definition of “full-time”
Since Obamacare is creating a new class of part-time workers, it is fundamentally interfering with the relationship between employer and employee. It disrupts how businesses run their organizations and how workers interact within the labor market. Ed Morrissey, a writer at the website Hotair.com, points out how government intervention can be very costly to the market, “This is the problem with massive government interventions into markets. They create perverse incentives, and force participants in markets to look for alternatives to the massive costs of those interventions.”[
He goes on to discuss how Obamacare’s intentional or unintentional creation of a class of part-time workers is detrimental to both workers and businesses alike, “Businesses usually prefer stable labor pools, and full-time status and reasonable benefits usually help provide that kind of stability. As a hiring manager for years, I can tell you from personal experience that managing a part-time staff creates its own costs and headaches, much of which won’t be felt in the home office of a multiple-location entity like Darden.”[vii]
Based on this information, Obamacare’s 30-hour work week full-time status and the resulting class of growing part time workers show this structural change in the unemployment figures is directly and almost exclusively attributable to Obamacare’s contents. There is more disheartening news because according to Mike Shedlock, there are 8,613,000 people who are currently in part-time jobs but want to have full-time positions. This figure does not include the 582,000 new part-time jobs created in September of 2012.[ix] (http://#_edn9)
Based on the evidence presented here, it seems that Obamacare is not welcomed by many workers and many businesses and owners. Looking at the evidence presented here, you will see that the new full-time work week of 30-hours and the related health insurance mandate for full-time workers will make more and more companies contemplate whether they want to follow the law or shift their workforce more and more to a part-time staff. Based on everything discussed, Obamacare can certainly share some of the blame for the structural shift in the economy from full-time workers to part-time workers.
Now that we have covered the real and lasting effects of Obamacare, we would like to ask you the same question again. If you are a physician, where do you stand on Obamacare and the deleterious effects upon the economy, but more importantly the patients of America? You only have a few days to change the course of America and its health care system.
So if you are a Physician, Healthcare Provider and or a Hospital in California, Texas, Massachusetts, Maryland, New York, Rhode Island, Vermont, Maine, Hawaii, Pennsylvania, New Jersey, New Hampshire or a top ranked Hospital in Florida such as Florida Hospital Memorial Medical Center (http://www.floridahospitalmemorial.org/)
i. Shedlock, Mike. September Jobs +114,000; Unemployment Rate 7.8%; Part-Time Workers +582,000; Initial Reaction and Election Impact. 5 October 2012. http://globaleconomicanalysis.blogspot.com/