Research Briefing

Americans Brace For Economic Impact After Pelosi Democrats Shove Through Job-Killing Government-Run Health Care Bill 

 BLS REPORTS MORE JOBS LOST FROM COAST TO COAST

ONE YEAR AFTER PELOSI DEMS STARTED PUSHING GOVERNMENT-RUN HEALTH CARE

7,600: Number Of Jobs Lost Per Day Nationwide Since Obama Started To Push Government-Run Health Care Last March. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10)

246: Number Of Jobs Lost Per Day In Arizona Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Gabrielle Giffords, Ann Kirkpatrick And Harry Mitchell. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

1,455: Number Of Jobs Lost Per Day In California Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Jerry Mcnerney. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

199: Number Of Jobs Lost Per Day In Colorado Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Ed Perlmutter, Betsy Markey And John Salazar (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

471: Number Of Jobs Lost Per Day In Florida Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Allen Boyd And Susanne Kosmas. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

166: Number Of Jobs Lost Per Day In Indiana Since Obama Started To Push Government-Run Health Care Last March,  A Bill Supported By Reps. Baron Hill, Brad Ellsworth And Joe Donnelly. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

261: Number Of Jobs Lost Per Day In Michigan Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Mark Schauer. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

47: Number Of Jobs Lost Per Day In New Mexico Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Martin Heinrich. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

437: Number Of Jobs Lost Per Day In Ohio Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Mary Jo Kilroy, Steve Driehaus And John Boccieri. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

112: Number Of Jobs Lost Per Day In Oregon Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Kurt Schrader. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

322: Number Of Jobs Lost Per Day In Pennsylvania Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Christopher Carney And Kathy Dahlkemper. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

30: Number Of Jobs Lost Per Day In South Carolina Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. John Spratt. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

243: Number Of Jobs Lost Per Day In Virginia Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Tom Perriello. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

210: Number Of Jobs Lost Per Day In Washington State Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Rep. Brian Baird. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

60: Number Of Jobs Lost Per Day In West Virginia Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. Nick Rahall And Allan Mollohan. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

228: Number Of Jobs Lost Per Day In Wisconsin Since Obama Started To Push Government-Run Health Care Last March, A Bill Supported By Reps. David Obey And Steve Kagan. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 3/26/10; H.R. 3590, Roll Call Vote #165, Approved 219-212; D 219-34; R 0-178, 3/21/10)

NOW THAT PELOSI’S GOVERNMENT TAKEOVER OF HEALTH CARE IS LAW,

AMERICA’S JOBS CREATORS ARE BRACING FOR IMPACT 

$2,000: How Much It Will Cost Job Creators Per Employee They Do Not Offer Government-Approved Insurance To. “APPLICABLE PAYMENT AMOUNT… in subsection (d)(1), by striking ‘$750’ and inserting ‘$2,000…’ FULL-TIME EQUIVALENTS TREATED AS FULL-TIME EMPLOYEES.—Solely for purposes of determining whether an employer is an applicable large employer under this paragraph, an employer shall, in addition to the number of full-time employees for any month otherwise determined, include for such month a number of full-time employees determined by dividing the aggregate number of hours of service of employees who are not full-time employees for the month by 120.” (Sec. 1003, H.R. 4872, “Health Care And Education Reconciliation Act Of 2010,” As Passed By The House, 3/21/10)

$150 MILLION: How Much Government-Run Health Care Will Cost John Deere, Iowa’s Largest Employer, Next Year. "Deere & Company, Iowa's largest manufacturing employer, said in a statement this morning that the recently-passed health care legislation will cost the company $150 million after tax this year... Golden said Deere and other companies warned congress in a letter last December that the imposition of a tax on the prescription costs would force publicly-traded corporations like Deere to publicly account for the extra costs. Deere said the impact of the legislation had not been included in its forecast for a profit of $1.3 billion for this year..." (Dan Piller, "Deere Says Health Care Bill Will Cost It $150 Mill ion," The Des Moines Register's "Green Fields" Blog, 3/25/10)

$100 MILLION: How Much Caterpillar’s Costs Will Increase Next Year Due To Government-Run Health Care. “Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House would increase the company’s health-care costs by more than $100 million in the first year alone. … ‘We can ill-afford cost increases that place us at a disadvantage versus our global competitors,’ said the letter signed by Gregory Folley, vice president and chief human resources officer of Caterpillar. ‘We are disappointed that efforts at reform have not addressed the cost concerns we’ve raised throughout the year.’” (“Caterpillar: Health Care Bill Would Cost It $100M,” Dow Jones Newswires, 3/19/10)

$9 – 14 MILLION: How Much Government-Run Health Care Will Cost Colorado Ski Resorts Annually. “‘The potential impact to Colorado Ski Country member areas is somewhere between $9 million and $14 million in penalties (per year),’ Steamboat Ski and Resort Corp. President Chris Diamond said Tuesday, citing a Colorado Ski Country USA estimate. ‘It’s a stunning blow to any large employer like ours that employs seasonal staff.’” (Mike Lawrence, “Health Policy Raises Red Flags At Steamboat Ski Area,” Steamboat Today, 3/24/10)

$1 MILLION: How Much New Hampshire Ski Resorts Will Have To Pay In Fines For Not Offering Government-Approved Insurance To Seasonal Employees. “The assessment is $2,000 per employee, which, according to SkiNH lobbyist Bruce Berke and group president Alice Pearce, could mean as much as $1 million in fines to the big ski resorts, some of which hire as many as 500 seasonal workers. Also affected would be any business that hires on a seasonal basis, and, like most nationally, do not offer health insurance.” (John DiStaso, “Granite Status: Ski Resorts Worry Health Care Reform Will Have Chilling Effect,” The Union Leader, 3/25/10)

35,000: Lending Jobs That Could Be Lost From Obama’s Government Takeover Of Student Loans In Pelosi’s Government-Run Health Care Bill. “But the student loan industry estimates that nearly 35,000 jobs would be lost if the federal government lent directly to students and only let private companies service the loans. Sallie Mae, one of the largest private lenders, would cut an estimated 2,500 workers in Pennsylvania, Indiana, Delaware, Virginia, New York and Ohio. Nelnet, a student lending company based in Nebraska, has already laid off employees in Indiana and Florida and could cut additional workers in Colorado.” (Alexander Bolton, “Dem Plan To Twin Healthcare And Student Lending Complicates Vote,” The Hill, 3/8/10)