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Obamacare: "Driving Up Unemployment and Insurance Costs Since 2010™"

Joesolis Wrote: Mar 29, 2013 11:42 AM
Hmmmm. Increased taxes on medical devices causing those prices to rise, thus INCREASING costs, not lowering them. Many of these companies are already laying-off employees which will cause a loss in income tax revenues combined with the unemployment benefits that will need to be expended. A double loss for government coffers. And that's just ONE example...

Jobless claims stopped their record-breaking, fearsome, FOUR-WEEK job-creation rampage today as the BLS reported that initial claim rose- again- by more than economists expected.
“First-time jobless claims rose by 16,000 to 357,000 in the week ended March 23,” reports Reuters, “the highest level in more than a month, Labor Department data showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg called for an increase to 340,000. The four-week average climbed from the lowest level in five years.”

Economists, says Reuters, were expecting claims to come in between 330,000 at the low end and 355,000...