Thursday, December 6, 2012

ObamaCare in 2013 = ONLY PART TIME work for many

This isn't Rocket Science. The affects of Obamacare were talked about by several businesses in the U.S. before it was passed. Either close down or find away around it.

Here's what one small business is being FORCED to do to survive:
Here is what I am doing for the rest of the year — working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week. I think most readers know the reason — we have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be several times larger than my annual profit. I love my workers. They make me a success. But most of my competitors are small businesses that are exempt from the Obamacare hammer. To compete, I must make sure my company is exempt as well. This means that our 400+ full time employees will have to be less than 50 in 2013, so that when the Feds look at me at the start of 2014, I am exempt. We will have more employees working fewer hours, with more training costs, but the Obamacare bill looks like about $800,000 a year for us, at least, and I am pretty sure the cost of more training will be less than that.
This will be unpopular but tolerable to most of my employees. The vast majority of them are retired and our company is merely an excuse to stay busy, work outdoors, and get a little extra money. 
But this is going to be an ENORMOUS change in the rest of the service sector. I have talked to a lot of owners of restaurants and restaurant chains, and the 40-hour work week is a thing of the past in that business. One of my employees said that in Hawaii, it was all the hotel employees could talk about. Many chains are working on mutli-team systems where two teams of people working part-time replace the former group of full-time employees. 2013 is going to see a lot of people (who are not paid very well to begin with) getting their hours and pay cut by 25%. At the same time that they are required, likely for the first time since many are relatively young, to purchase health insurance.
Read the rest of the article HERE.

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Anonymous said...

The majority of this country even don't want to work part time, they want to stay home to get welfare, housing, free cell phone so they will have time to watch Obama play goal and may be have time to go vacation with Obama family.

Anonymous said...

At least there will be p/t jobs, in England it can take upto 3 yrs to find any paid p/t job... Most have left the country due to high taxes, as many more will disappear from America too. It how Gov't can control the people.....Welfare in England, what a joke, there is more taxes for the poor/middle class than help....Ive renamed America, England #2.....

Stacy Barbee said...

Obamacare is being criticized for its provisions since they are believed to be anti-growth in nature. The business organizations and the employers will try to avoid the penalizations, and will try to trim its work force. Besides, they will also not be willing to hire new employees. One other way that the business organizations can take recourse to, is that, they can pay the annual penalty and not offer insurance to the employees, since paying for the penalties will cost a lot less than paying for funding the health insurance plan for the employees. If such is the case, then the employees will have to buy their individual policies from the exchanges, which will be much more expensive than the employer funded plans.