Obamacare regulations costs $1.8 trillion/year!!!

Discussion in 'Politics' started by healthmyths, Sep 20, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually,
    more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.

    Complying with Health and Human Services Department requirements alone, he revealed,
    costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.

    The wave of Obama regulations has become a huge sore point in the business world with groups as large as the U.S. Chamber of Commerce down to the International Franchise Association crying for fewer rules. The administration, however, argues that the rules and regulations pushed out under the president have made products and workplaces safer.

    $1.8 trillion shock: Obama regs cost 20-times estimate | WashingtonExaminer.com
     
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    healthmyths Gold Member Supporting Member

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    At $50,000 a year per employee this $1.8 trillion being wasted in Obamacare compliance would do the following:
    Put to work 36 million people!
    These people would pay to Medicare/SS and their employer matching dollar for dollar:
    $192.6 billion a year in Medicare/SS payments!


    Generations in the future (IF we have them!!!) will LAUGH at the stupidity of this approach.
     

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