Obamacare is going to ruin businesses and kill employment.
Not necessarily. Some businesses that already provide some healthcare can save righteous bucks by moving to part time employees. They will not only save themselves from the Obamacare costs but also on the current plans they are paying for now.
Also, merely moving to part time does not kill employment as for each full time job gone it can be replaced by 1.5 part time workers. Reducing employee count below 50 to become exempt can; however, they have the option to switch to part timers as well.
Looks like the future may be many people with 2 part time jobs paying for private insurance on their own.
Already started with a spike in the poverty rate.
Census: U.S. Poverty Rate Spikes, Nearly 50 Million Americans Affected « CBS DC
Dave,
I am having a hard time understanding how last years poverty rates were a result of the Obamacare requirements that haven't started yet?