The Bill for ObamaCare Is Coming Due, & Both Unions & Employers Aren’t Pleased About It.
Do you believe the Democrats’ talking points that ObamaCare isn’t increasing costs for businesses and American workers? Think again.
According to the Wall Street Journal, expensive new costs associated with ObamaCare are becoming the law’s latest obstacle as labor contracts begin to expire over the next several years, and unions and employers are required to come to the table and figure out who is going to foot the bill.
ObamaCare’s new bureaucratic mandates and taxes are spiking business costs by as much as 12.5% in some instances.
Are these new costs going to be dropped onto American workers as ObamaCare digs into their wages and benefits? Or are costs going to be slammed onto businesses and burden job creation and economic growth? Either way, it’s a lose-lose proposition for the American people.
It’s telling that even labor unions, one of the Democrats’ strongest allies, are wincing as ObamaCare’s true costs begin to take effect.
“When we first supported the calls for health-care reform, we thought it was going to bring costs down,” one union lawyer said.
We now know that was yet another of the Democrats’ broken promises.
From the Wall Street Journal:
Unions and employers are tussling over who will pick up the tab for new mandates, such as coverage for dependent children to age 26, as well as future costs, such as a tax on premium health plans starting in 2018. The question is poised to become a significant point of tension as tens of thousands of labor contracts covering millions of workers expire in the next several years, with ACA-related cost increases ranging from 5% to 12.5% in current talks.