ObamaCare was supposed to reduce costs, wasn't it? That was the story we got from the Democrats' dog and pony show leading up to its passage. But a week after the bill was signed into law, a number of publicly traded companies began issuing statements regarding the effect on earnings. By my count, a total of
So what, you say? Well, that's
Look at it another way. With a median household income of about $50,000, that
The Extra Point: Obama's $870 billion stimulus package is a ripe, one year old behemoth. Where are the jobs? Hemorrhaging through the open wound of Obamacare.
If you know of a publicly traded company that announced a charge to earnings due to Obamacare, and that company is not listed above, leave me a comment or send me a tweet at @GulfCoastTider.