Ted Cruz on Obamacare paperwork burden
http://www.youtube.com/watch?v=kBF5-ksKUjc
Meeting the demands of Obamacare will ADD 190 million man hours worth of PAPERWORK every YEAR.
To get 190 million hours into perspective, consider the following:
- Total time to build the Empire State Building: 7 million man hours.
- Average productive time one person can work in a year: 2000 man hours.*
- Average time to build a small, 1,000 square foot house: 500 man hours.
- Average time to build a new car: 32 man hours.
*Actual man year hours world-wide range from a low of 1,389 hours (in the Netherlands) to a high of 2,316 hours (in South Korea).
Paperwork is a NON-productive labor cost that must be passed on to consumers or, in the case of Obamacare, passed on to taxpayers.
To understand this, consider a small medical office where, typically, the only income is generated by the doctor seeing patients.
- This one doctor must earn enough from these visits to pay for his own salary, plus rent, utilities, insurance and a minimum of two extra office staff (a nurse and a secretary) who, themselves, do not generate any income.
- Obamacare will force this doctor to hire additional staff to do all the extra paperwork.
- The income for that extra staff will have to be generated by the only productive member of the staff … the doctor.
- Meanwhile, Obamacare will enforce limits on how much a doctor can earn for each service.
- Net result: Obamacare will increase a doctor’s office costs while decreasing his earning power.
Is it any wonder so many doctors are saying they will retire if Obamacare goes into full effect?
Sources:
polination.blog 