ObamaCare To Cost Small Businesses $30.8B
But didn’t Obama promise that it would save money? I’m confused….. Not really, but it is amazing that hardly anyone seems to care about the lies of Obama.
Obamacare has so far cost $30.8 billion and 111.4 million hours to complete paperwork to individuals, healthcare institutions, and small businesses, according to a new report.
The American Action Forum, a Washington-based advocacy group that has long opposed the health law, said 55,742 employees — working 2,000 hours per year — would be needed to process all the red tape associated with Obamacare.
The report cites several examples of excessive costs from each category.
In most cases, neither the Department of Health and Human Services nor the Congressional Budget Office has provided cost estimates, the organization said.
In the healthcare market, for instance, the Obamacare rule on “preexisting condition exclusions” is costing institutions $4.9 million and 38,000 paperwork hours, the group said.