A special question on the impact of Obamacare on businesses in the August Philly Fed Manufacturing Survey shows the stunning failure of Obamacare.

Here are the results in table form. I added the net results in red.

click on chart for sharper image

Net Percentage of Manufacturing Firms That …

Category Net Percentage
Decrease Employment 15.2
Increase Part-Time Workers 16.7
Increase Outsourcing 10.7
Increase prices 28.8
Raise Healthcare Premiums 85.3
Raise Healthcare Deductibles 91.2
Raise Out of Pocket Maximums 73.6
Increase Copays 61.8
Reduce Medical Coverage 38.3
Decrease Network Choices 26.5

As always, I encourage everyone to look on the bright side: A net 2.9% of manufacturing firms cover a higher percentage of the lower number of employees they have.

Mike “Mish” Shedlock