“A contraction of 3% means big job losses. About 4 million jobs, to be precise. This would, of course, end up added to the current jobs deficit of more than 8 million, according to the Economic Policy Institute. Obamacare, meanwhile, purports to enable access to insurance coverage to tens of millions of new people. ‘What we are describing is a huge increase in the demand for care,’ says Goodman. ‘But the Affordable Care Act does nothing to increase supply. This is virtually guaranteed to put upward pressure on prices. To the extent that prices are prevented from rising, it will create enhanced rationing by waiting.'”

http://dailyreckoning.com/economist-obamacare-will-cost-4-million-jobs/

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