Happy Birthday, Obamacare? What It Really Means for American Businesses

Kathryn Nix / March 21, 2011

This Wednesday marks the first anniversary of Obamacare. While advocates spend the week highlighting the new law’s effects on different groups of Americans, we will do the same. A review of the facts on the ground and the conclusions of Heritage research over the past year reveal the far-reaching negative consequences of the new law.

Today, the argument is that Obamacare is good for American business. Though there are sure to be those who experience some benefit under the new law, its overall effect will be to cause great harm to job growth and the economy at large. By and large, Obamacare will also fail to remove the obstacles that smaller employers face to provide health insurance for workers. (more…)