Obamacare, also known as Affordable Care Act or Patient Protection and Affordable care act, has risen major concerns to republicans. Their concern is the relation between the care act and the economy of America suggesting that the care is depressing the economy. Contrary to these claims, the care act is not of any damage to the economy.
According to CNN, Mike Pence, the elect vice president, spoke to ABC and declared of an inquisition towards Obamacare and how it handles the weight is imposed on it. He further termed the Obamacare as a job killer. The Obamacare has not only been of a major concern to Pence, the house speaker Paul Ryan has also shown concern.
Paul Ryan showed his concern as he spoke to reporters. In his statement, he demanded a quick relief to Obamacare so as to prevent damage to the health system and the families in America that require and can afford a health insurance.
Despite their concerns, Business Insider reports that the care is not of any damage to the economy. On statistical basis after the passing of the Obamacare act, there has been a decrease by 3 million of the number of people who were confined to part-time jobs and by November there are 15 million new job openings.
On a research to employers having an average number of employees of about 50, 7% of the employers had to make their employees full time to enable them to benefit the care act. Meanwhile, only 2% had to degrade their employees to part time and 4% dropped them. It generally is an employment provider.
An equivalent research to manufacturers and business entities, almost 32% of them have increased their salaries while a minor percentage had redundancy and some had to decrease the pay. According to an economist Markowska, with increased population paying for insurance the labor availability and consumer spending gives a positive development to the economy.
