Ted Cruz on Obamacare paperwork burden
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:
