What does the Fed have to say about ObamaCare? This is now the 11th consecutive Beige Book in which the Fed has heard loud complaining about the Affordable Care Act. Below are some excerpts from the December Beige Book on the topic of Obamacare: ...Contacts in many Districts voiced concern about future cost increases attributable to the Affordable Care Act and other types of federal regulation. ...Contacts across many Districts continue to voice concerns about future cost increases attributable to the Affordable Care Act and other types of federal regulation. ...One contact says the Affordable Care Act is significantly increasing health care costs for his firm. ...In regard to hiring and capital expenditure plans, firms continued to expand cautiously, as they face ongoing uncertainty from federal fiscal debates and implementation of the Affordable Care Act. ...Wage pressures were up slightly. Non-wage labor costs were steady, though a number of contacts reported higher health insurance premiums because of regulatory changes in the Affordable Care Act. ...across all regions
Posted on: Wed, 04 Dec 2013 19:43:40 +0000
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