One in five manufacturers in New York said they were reducing the number of their employees due to Obamacare, according to a survey from the Federal Reserve Bank of New York.
The survey asked businesses how the Affordable Care Act has affected them, including questions about health coverage costs, how health plans would change under Obamacare, and how the Cadillac Tax would apply to their current health care plans.
The number of manufacturers who said they were cutting jobs totaled 20.9 percent. Nearly a third of New York manufacturers said they would increase prices they charge on their customers due to Obamacare. Almost 13 percent said they would increase the proportion of employees working part-time.
The survey asked service sector firms the same questions and found that 16.8 percent of them would cut workers, 21.4 percent would raise prices due to Obamacare, and 15 percent said they would increase the proportion of employees working part-time.
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