A post-election poll of more than a thousand Americans showed that support for repealing the Affordable Care Act, aka Obamacare, dropped to an all-time low. Although President Obama’s health care initiative will include 20 new or raised taxes, forty-nine percent of respondents still favored it, even as businesses are already planning massive layoffs and price hikes ahead of its implementation.

Freedom Works has compiled a list of companies planning to lay off workers and outsource jobs because of Obamacare. Boston Scientific will be doing both, as CEO Ray Elliott has announced the company will cut up to 1,400 employees and shift workers and investments to China. In order to cover the $24 million in estimated additional Obamacare expenses, auto parts manufacturer Dana Holding Corp. has let go of several higher ups and hinted at more layoffs coming to its 25,000+ workforce. Medical device manufacturers Medtronic and Stryker have both cut at least a thousand jobs already.

Last Year, Congressional Budget Office Director Douglas Elmendorf testified before the House Budget Committee that the Affordable Care Act would cost this country 800,000 jobs.

Unfortunately, layoffs won’t be the only consequence of Obamacare. Consumers are about to foot the bill for the president’s health care reform in a lot more ways than one.

Business analysts are forecasting that many companies will turn to price hikes to offset the financial burden of complying with Obamacare. Papa John’s CEO John Schnatter claims the health care law will cost his company $5 to $8 billion annually; in an attempt to neutralize this, Schnatter has announced he will raise product prices. He isn’t the only one. An NY Applebee’s owner said Obamacare will cost the company millions, forcing them to freeze hiring and stop building new restaurants. Waivers aren’t even stopping some companies from instituting price increases. Even though McDonalds has been granted an Obamacare waiver, the company’s Chief Financial Officer Peter Bensen announced in July the company would see up to $420 million in new health care costs, ultimately leading to higher menu prices.

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