Friday, June 10, 2011

Obamacare Costs Nearly 500 Jobs

CLAIM:  “So this bill is not only about the health security of America.  It’s about jobs.  In its life it will create 4 million jobs — 400,000 jobs almost immediately.”

— Speaker Pelosi at the White House health summit

FACT:  According to an article in today’s Atlanta Journal-Constitution, Piedmont HealthCare is eliminating nearly 500 jobs — 5 percent of its workforce — due in part to “anticipated cuts to Medicare reimbursements and the Medicaid expansion in 2014,” both provisions taking effect thanks to Obamacare.