Booming Health Care Industry Credits Obamacare for Historic Growth
Do you remember when John Boehner said this:
“In my opinion, ObamaCare is the biggest job killer we have in America today.” [Source]
Or how about when 2012 presidential candidate Mitt Romney said:
“When you have three quarters of American small businesses responding to surveys saying that Obamacare is making it less likely for them to hire people, and when people need good jobs, you know we have to get rid of Obamacare.” [Source]
The list of “job-killing” comments from Republicans about Obamacare is a mile long. They have been saying that President Obama’s healthcare law is going to destroy the economy and kill jobs since before it was passed in 2010.Even more, Republicans in Congress have wasted millions of taxpayer dollars repealing the law over 50 times in the last four years.
Well, in a
shocking completely predictable turn of events, Republicans turned out to be one hundred percent WRONG:
More than 90 new health-care companies employing as many as 6,200 people have been created in the U.S. since Obamacare became law, a level of entrepreneurial activity that participants say may be unprecedented for the industry.[Source]
Former Obama adviser and doctor, Bob Kocher who is now a partner in a venture capitalist firm at New York based firm, Venrock Associates, said, “The claim that the Affordable Care Act is a job-killer is just factually untrue… [Obamacare] created the most enormous opportunity to build health-care companies ever.” Kocher’s firm has already invested in eight startup companies that are looking to take advantage of huge opportunities the law offers.
CEO Derek Newell, who runs Jiff, a California-based company that helps corporations organize health benefits for employees and consults corporations on how to improve workers’ health while reducing costs to their companies, says that Obamacare has been an “amazing catalyst for job creation and innovation” for the healthcare industry.
Do you think Republicans are going to apologize and admit they were wrong? Of course not!
Recently, Pres. Obama correctly states that every prediction Republicans have made about him has turned out to be wrong. They said he was going to kill the economy, but instead it is thriving: the stock market has doubled, the deficit has been cut by two-thirds, unemployment is at 5.5 percent. Now, the healthcare reform they so despise is creating thousands of jobs.
While Republicans continue to spread the Armageddom-like doom and fear mongering to their base, the truth is that Obamacare is far from a job killer — in fact, it is a common sense reform that is already spurring economic growth while lowering America’s historically high uninsured rate.
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Opinion columnist and former editor-in-chief of Occupy Democrats. He graduated from Bennington College with a Bachelor's degree in history and political science. He now focuses on advancing the cause of social justice and equality in America.