March 7, 2013 3:09PM 

# The Fed: ObamaCare “Leading to Layoffs” 

By [Michael F. Cannon](https://www.cato.org/people/michael-f-cannon) 

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*The Hill* has [the story](http://thehill.com/blogs/healthwatch/health-reform-implementation/286615-fed-says-obamas-health-law-leading-to-layoffs):

> The Federal Reserve on Wednesday released an edition of its so-called “beige book,” that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring.
> 
> 
> “Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff,” said the March 6 [beige book](http://www.federalreserve.gov/monetarypolicy/beigebook/beigebook201303.htm), which examines economic conditions across various Federal Reserve districts across the country.

Or in other words, [yes, ObamaCare will eliminate some 800,000 jobs](https://www.cato.org/blog/yes-obamacare-will-eliminate-some-800000-jobs).

##### Related Tags 

[General](https://www.cato.org/general), [Government and Politics](https://www.cato.org/government-politics), [Health Care](https://www.cato.org/health-care) 

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