Fed says Obamacare leading to layoffs

It isn't just the lay offs, as this article in The Hill points out: "Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff," said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.   That line was found in a section of the Fed's report on employment, wages and prices. That same section also said the Atlanta district noted that healthcare regulations are so burdensome there is a shortage of compliance specialists."Atlanta noted a lack of compliance specialists due to heavier regulations in the healthcare industry," it said.In a later section focusing on the Philadelphia district, the beige book said that "Health insurance costs are mixed, ranging from very high increases to no change." The Cleveland district reported that "rising health insurance premiums remain a challenge" in the manufacturing ...(Read Full Post)

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