Four of Colorado’s five House Democrats voted for the anti-jobs and anti-Colorado health spending bill otherwise known as ObamaCare and Fannie Med even though it will put the country and state in a long-term recession.

Here’s how:

1. The bill requires employers to provide workers with “qualified” health plans that will be far more expensive than the plans most small businesses offer their employees. This will sharply increase the cost of health insurance for the state’s tourism and hospitality industries. Those industries will pass the costs on to customers. With Keystone, Vail and other ski areas already charging almost $100 a day for lift tickets and winter vacations in Colorado verging on the unaffordable for most potential customers, the added health insurance costs will further depress ski days and other tourism in Colorado.

2. Huge tax increases in HR 3962 will take disposable income out of consumers’ pockets. With less disposable income, tourists will spend less on visits to Colorado, costing the state thousands of jobs.

3. HR 3962 effectively shifts high heath insurance costs from New York, California, Illinois, New Jersey and other states to Colorado. This will reduce the competitiveness of Colorado compared with the more expensive states. It will be harder to bring jobs to Colorado.

4. ObamaCare saddles Colorado with more budget-busting Medicaid costs. The state will try to cut Medicaid benefits, but it already offers fairly lean benefits compared with other states, and HR 3962 requires it to cover more people. This means the state will have to raise more taxes and cut spending on non-Medicaid services. As a result, Coloradans will have less disposable income, and more jobs will be lost.

5. ObamaCare cuts payments to physicians and hospitals. This will demoralize physicians and other health care workers. You’ll see fewer friendly, helpful folks at hospitals and doctors’ offices. And as the Feds cut doctors’ pay, many will retire early, creating new physician shortages. Also, as physicians’ pay is cut and as they retire, the state will see its income tax revenues from physicians decline.

6. I’m guessing that if HR 3962 actually is enacted, we’ll see unemployment go up another 5 to 10 percentage points, or more. The reason is simple. Only the fastest growing, most profitable companies will hire more people. And there won’t be many highly profitable, high growth companies under ObamaCare. Most companies will continue to increase their productivity by making their employees work longer hours. It will be cheaper to burn out employees and replace them with cheaper employees in a weak labor market than to let them work 7.5-hour days. It will be cheaper to work fewer workers longer hours than to pay for the high-price health insurance mandated by HR 3962. It will be cheaper to off shore jobs than to process all of the new paper work required under HR 3962. The smart people who have been creating new companies and jobs will figure out that it will be smarter to work for the government than to start new businesses and create new jobs.

But Colorado Democrats don’t care whether their constituents are employed. What they want is power. They want campaign contributions from the special interests that will be lobbying them to rig the health care system not for patients but for the insurers, providers, medical device makers, drug makers and others who will be slopping at the trough of Canadianized health care.

Link

The End of Federalism: How Obamacare Will Impact States