OBAMACARE: A BUDGET-BUSTING, JOB-KILLING HEALTH CARE LAW
"This report details the economic and fiscal consequences of the Patient Protection and
Affordable Care Act (PPACA,) signed into law by President Barack Obama on March 23,
2010. Several rationales were offered in support of this legislation, including that it would
lead to the creation of jobs and the reduction of the federal budget deficit. This report
shows that the health care law will achieve neither effect.

Economic Consequences. Consistent with respected economists‟ forecasts, the health
care law contains a number of provisions that will eliminate jobs, reduce hours and wages,
and limit future job creation. Specifically, the law:

 Penalizes employers for failing to offer coverage deemed acceptable by the
government;
 Imposes burdensome mandates on small businesses, including new paperwork
requirements; and
 Compounds the uncertainty employers and entrepreneurs are facing amid a
challenging economic climate..."