Monday, June 24, 2013

Law of Unintended Consequences: The Obamacare Monster

Reason.org reported recently on a survey that found a significant percentage of small businesses in the country have altered their hiring plans specifically due to the mandates and provisions in the Obamacare Monster:
Forty-one percent of the businesses surveyed have frozen hiring because of the health-care law known as Obamacare. And almost one-fifth—19 percent— answered "yes" when asked if they had "reduced the number of employees you have in your business as a specific result of the Affordable Care Act."  The poll was taken by 603 owners whose businesses have under $20 million in annual sales.  Another 38 percent of the small business owners said they "have pulled back on their plans to grow their business" because of Obamacare.
OLS readers know that this is not surprising, though it is depressing.  The growth of government always harms the private sector, and frequently does so in ways not foreseen or predicted by the growth supporters.  Obama and his Democratic minions did not set out to unemploy or under-employ small business workers or intentionally harm small business owners; harm was not their intent.  But intention doesn't matter.  It's called the Law of Unintended Consequences and it cannot be avoided.