Ah, I see.
Somebody please show me that he cares. For instance, how much does Obama care about the ramifications of this poorly-thought out monstrosity on some of the sectors that may be impacted?
Let's start with business:
"The restaurant industry, already operating with razor thin margins, doesn’t have the ability to absorb tens of thousands more in healthcare expenditures without a considerable increase in sales. It’s a basic realty [sic] of economics: more has to be coming in than going out. The only solution for restaurants that want to stay open and maintain competitive pricing would be to cut employee hours to part-time status. This is the conclusion already reached by several large chains–companies that provide jobs to tens of thousands of working class Americans . . . "
Now, education:
"Community College Of Allegheny County will cut the hours of some instructors to avoid paying for their health insurance coverage under new Affordable Care Act rules . . . The Affordable Care Act -- nicknamed Obamacare -- classifies employees who work 30 hours or more per week as full-time, and CCAC would be required under the new law to provide employer-assisted health insurance to those employees.Instead, temporary part-time employees, such as clerical, computer, seasonal and other positions, will be limited to working 25 hours per week, and adjunct instructors will only be able to teach 10 credits per semester. Permanent part-time employees, already eligible for health care coverage, will be unaffected. The Pittsburgh-based college estimates the move will save it from spending an additional $6 million."So much for Obama's (false) promise to spur job growth. I propose someone keep track of all the industries that start cutting back employee hours, reducing staff, or refusing to expand.
Read full articles here:
"Restaurant Industry Already Preparing for Obamacare Consequences" (Bethany Mandel, Commentary Magazine, November 19, 2012).
"CCAC Cuts Adjuncts' Hours to Avoid Obamacare Requirements" (Tyler Kingcade, The Huffington Post, November 20, 2012).
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