Three strikes and you’re out, Obamacare.

While the numerous Obamacare computer glitches, complicated applications, and security breaches have been significant setbacks to Americans, what Obamacare is doing to the economy is more than annoying – it’s downright detrimental.

In a Forbes’ article over the Labor Day weekend, health care expert Avik Roy outlined three big reasons the economy is still weak, six years after the recession: enormous tax increases, increasing costs of employment, and workers dropping out of the workforce. And the reasons for all of these woes? Obamacare.

1. Obamacare is one of the largest tax increases in U.S. history.

Taxes are expected to increase by more than $1.2 trillion under Obamacare in the next decade. These increases will be found in the individual and employment mandate, rising costs of Medicare, taxes on pharmaceuticals and devices – the list goes on.

2. Obamacare increases the cost of employing workers.

Thanks to the employer mandate, all businesses with more than 50 full-time workers must provide federally-certified health coverage or pay fines. In an effort to keep costs low, employers will avoid hiring more than 50 full-time workers, and instead, hire part-time workers (or no one at all). For small businesses trying to grow, Obamacare adds crippling and unnecessary costs that get in the way of employee expansion.

And it’s not going to get any better – according to the Congressional Budget Office, by 2024, Obamacare will reduce the size of the labor force by 2.5 million full-time workers. 

3. Obamacare’s exchange subsidies encourage many workers to drop out.

In Roy’s words, “If you pay unemployed people more, it becomes less economically attractive for them to seek work.” Research from the University of Chicago has found the payout from Obamacare subsidies is often so great that some Americans have given up looking for work – content instead living on the subsidy.

Obamacare is making it harder for employers to create jobs, and at the same time is raising consumer costs to historical levels. We are at a point where our labor market must  improve,  and the Obamacare equation is weakening our nation’s economy. Forcing Americans to pay for a broken and failed health care program is more than annoying – it’s hurting hardworking individuals and families.

Americans are empowered when they are free to make their own health care decisions. Reforms that focus on the patient and his or her ability to decide what’s best – not the government – will not only help the economy, but help Americans who are worried about their future. Click here to read more about the House Republican solutions for health care reforms.