A 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 …
| Category | Net Percentage |
|---|---|
| Decrease Employment | 15.2 |
| Increase Part-Time Workers | 16.7 |
| Increase Outsourcing | 10.7 |
| Increase prices | 28.8 |
| Raise Healthcare Premiums | 85.3 |
| Raise Healthcare Deductibles | 91.2 |
| Raise Out of Pocket Maximums | 73.6 |
| Increase Copays | 61.8 |
| Reduce Medical Coverage | 38.3 |
| Decrease Network Choices | 26.5 |
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
