House Ways and Means Committee- Money Morning - Only the News You Can Profit From.
One of the real Obamacare facts we've shared with you is how the Affordable Care Act will influence private employers to cut hours and jobs across the nation.
There is one group of workers, however, that is still raking in new job opportunities at a stunning rate, thanks to Obamacare.
I'm talking about lobbyists.
Since Congress passed Obamacare, lobbyists have been in high demand by Fortune 500 companies.
Companies like Delta Airlines, UPS, BP America, and Coca-Cola hire lobbyists to help navigate the bill. These lobbyists will remain in high demand until at least 2020 - when some portions of the law will finally be implemented - to help change requirements and seek exemptions.
This grand lobbying push isn't new in Washington, D.C. We've seen a similar lobbyist rollout with previous legislation like the Dodd-Frank Act.
But the Obamacare lobbying highlights a growing trend in Washington. It highlights another "revolving door" that exists: the one between the halls of Congress and the boardrooms of corporations looking to game the system...