Obamacare Blamed for Drop in Venture Capital Funding

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Funding for business startups experienced a drop in 2012, the first time that's happened in three years, according to a new study by Price-Waterhouse-Coopers and the National Venture Capital Association.

The report shows venture capitalists spent 28 percent less on business startups. The number of deals declined as well, down more than 23 percent.

Observers say the decline is partly because of uncertainty over the costs of Obamacare.

The massive healthcare law is still being implemented, and businessmen expect it to have a negative impact over time.

Obamacare is "the opposite of free-enterprise capitalism," Whole Foods CEO John Mackey told Fox News.

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