Letter: Here’s how the Obamacare economy really works
The Affordable Care Act is anything but what its name implies. It isn’t affordable, it really doesn’t increase or improve care and it isn’t being put into action. So what does it really do? It does exactly what the Y2K virus scare did for the Bill Clinton economy of the 1990s: It hides the facts that we have high unemployment and we aren’t manufacturing a thing!
Payroll departments in businesses across the country will be expanded. Trying to keep of all those part-time employees’ hours below the 30-hours-per-week threshold will be a big task. ADP’s new business bookings for its employer services, including payroll, grew 9 percent in the third quarter.
Computer programmers will be in demand. It will be a tough job getting all those paper records scanned into digital form. Putting old paper systems into the digital age is a giant technological construction project. I know; I did it back in 2005.
Medical bill coders will have to manage more than 69,000 diagnostic medical codes. If health-care providers want to get paid, they will have to hire these coders.
Now just take a look at the top three areas of increased employment since the enactment of the Affordable Care Act. See anything strikingly odd?
All are geared to those recent college graduates who are currently having a tough time getting work outside of the medical field.
What happens when this bubble bursts, just like the Y2K bubble? President Obama will be long gone and earning his nine-figure honorariums talking about how his successor fouled this up.
Dr. BRUCE TRIVELLINI