When a government agency issues rules and regulations related to a law, it is required to estimate the cost, time and paperwork burden caused by such rules. The staff of the House Ways and Means Committee has compiled a list of each of the rules and regulations issued to date related to the Affordable Care Act (Obamacare).
While this type of burden is by no means limited to Obamacare, the impact of these regulations on employers, insurers, health care providers and others should not be underestimated. These costs may not appear in government cost estimates, but they are quite real and eventually become part of the cost of doing business and therefore are ultimately reflected in the price of goods and services, both public and private.
To date the agencies issuing regulations have estimated that compliance will consume 127,602,371 hours of work annually. That by the way is equivalent to 61,347 person years of work.
You can view the Obamacare Burden Tracker and can also get a sense of the number of rules and regulations issued to date.
- Obamacare and 2014, the perfect storm is on the way (quinnscommentary.com)
- Obamacare Is Raising Healthcare Costs, Not Lowering Them (usnews.com)
- CLANCY: Labor unions that pushed Obamacare through want out (washingtontimes.com)