Contribute
Connect with the GOP:

research

ObamaCare’s Red Tape Will Devastate The American Economy

- October 10, 2012

A Study By The “Independent American Action Forum” Focused On ObamaCare’s Devastating Impact On The American Economy. “Fully implementing Obamacare regulations have already cost the U.S. economy $27.6 billion and more than 18,000 jobs according to a new study released today. Just the top ten most expensive regulations have cost $24.4 billion, according to the new non-partisan and independent American Action Forum (AAF) report.” (Conn Carroll, “Study: ObamaCare Regs Have Cost $27.6 Billion, Killed 30,000 Jobs,” The Washington Examiner , 10/9/12)

  • The Study Found That ObamaCare Has Added New Regulations Totalling $27.6 Billion, $20.4 Billion In Costs On Private Businesses, And An Additional $7.2 Billion On State Budgets. “To date, the ACA has imposed a total of $27.6 billion in new regulations – at least $20.4 billion in lifetime costs on private entities and $7.2 billion in increased burdens on state budgets.” (Sam Batkins, “The State By State Impact Of ACA Regulations,” American Action Forum, 10/12)

ObamaCare’s Exchanges Are Predicted To “Cost Employers $3.4 Billion” According To Data Compiled From The Federal Register. “Just complying with the state health exchanges alone has to cost employers $3.4 billion according to the AAF totals which were compiled from Federal Register data.” (Conn Carroll, “Study: ObamaCare Regs Have Cost $27.6 Billion, Killed 30,000 Jobs,” The Washington Examiner , 10/9/12)

ObamaCare’s Regulatory Paperwork Burden Is Estimated To Have Already Cost 30,000 Jobs. “In addition to the regulatory costs, AAF estimates that ObamaCare regulatory compliance has eaten up more than 60 million hours in paperwork. At 2,000 hours a year that comes to 30,000 jobs.” (Conn Carroll, “Study: ObamaCare Regs Have Cost $27.6 Billion, Killed 30,000 Jobs,” The Washington Examiner , 10/9/12)

ObamaCare Has Hit California, Texas, New York, Illinois, And Florida The Hardest And Has Cost Those States A Combined $9.5 Billion And 7,386 Employees. “The five states bearing the largest regulatory burden in cost and lost employment are not surprising. California has the single highest burden, with $3.4 billion in total compliance costs and 2,917 lost employees’ work. Texas also bears a substantial burden: $1.8 billion and 1,292 lost employees’ work. New York ($1.7 billion and 1,383 lost employees), Illinois ($1 billion and 816 lost employees), and Florida ($1.6 billion and 978 lost employees) also carry a heavy burden.” (Sam Batkins, “The State By State Impact Of ACA Regulations,” American Action Forum, 10/12)

  • “Twenty States Will Lose” 300 Employees And An Additional “27 States Will Have A Burden Of Over $300 Million In New Regulatory Costs.” “Twenty states will lose the equivalent of 300 full-time employees’ worth of work filling out ACA regulatory red tape. Additionally, 27 states will have a burden of over $300 million in new regulatory costs.” (Sam Batkins, “The State By State Impact Of ACA Regulations,” American Action Forum, 10/12)

The American Action Forum’s Estimates “Represent A Cost Floor, And Not A Ceiling” As Costs Can Exceed The Original Estimates. “The ACA’s $27.6 billion in new regulations represent a cost floor, and not a ceiling to implement the ACA. Most private entities will feel these costs and $7.2 billion of the added regulatory burdens fall directly on state budgets.” (Sam Batkins, “The State By State Impact Of ACA Regulations,” American Action Forum, 10/12)


Previous post

ObamaCare Has Put Military Families At A Disadvantage

Next post

More Questions About Obama's Libya Narrative
Republican National Committee

Connect With Us

Republican National Committee

Follow GOP

Chairman Reince Priebus

News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com