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My company is already crunching the numbers to see what the impact of Obamacare will be in 2014. So far it appears the hourly workers will be reduced to part time. Unbelievable what this is going to do to businesses and their employees.
How do you see companies responding to this very hefty increase in cost?
My company is already crunching the numbers to see what the impacts of Obamacare will be in 2014. So far it appears the hourly workers will be reduced to part time. Unbelievable what this is going to do to businesses and their employees.
How do you see companies responding to this very hefty increase in cost?
Interesting.
Could you break down what it is that will be costing so much more for your company (without getting too company-specific, of course)? I think that would be illustrative and informative. Thanks.
My company is already crunching the numbers to see what the impact of Obamacare will be in 2014. So far it appears the hourly workers will be reduced to part time. Unbelievable what this is going to do to businesses and their employees.
How do you see companies responding to this very hefty increase in cost?
i assume you're talking about the 30-hour week threshold that requires employer health insurance ?
My company is already crunching the numbers to see what the impact of Obamacare will be in 2014. So far it appears the hourly workers will be reduced to part time. Unbelievable what this is going to do to businesses and their employees.
How do you see companies responding to this very hefty increase in cost?
It isn't just your company, there are a lot of businesses that have either already started to reduce hours or are preparing to do so. On the flip side, those companies that can't reduce hours will be raising their prices to cover the costs of the PPACA mandates.
I've come to the conclusion that most of the people supporting this law haven't actually read it, and don't know what the detrimental effects will be. Too many are wrapped up in the idea of "universal healthcare" and haven't taken the time to figure out that Obamacare is going to lead to a reduction in wages for the working poor, as well as a massive increase in expenses for the middle class.
Companies laying off people..the response: "Happens all the time. Not Obamacare."
Companies reducing hours..the response: "Happens all the time. Not Obamacare."
People will refuse to acknowledge that some of the Obamacare mandates will have fallout by business.
Just wait til more kick in next year regarding home sales and the stock market.
Did the Dems think everyone would just lay down and take it with no fallout ? Really ?
i assume you're talking about the 30-hour week threshold that requires employer health insurance ?
But it's not any type of healthcare insurance..it's "qualifying health insurance". The USG has set a min type of acceptable health insurance that companies can offer.
And don't forget the fines.
Smaller businesses really do need to crunch the numbers. We are in a stagnant economy with not much revenue growth from business.
Like a lot of companies, our managers get lower premiums than the hourly workers. This will not be allowed, so everyone gets the better plan or the lower plan. There also cheap plans that offer basic coverage. Under the law, these plans must meet a certain requirement and thus will cost more money. Most likely the best solution is to not offer health insurance and make everyone buy into the health insurance exchange. To avoid the $2,000 fine for each employee annually, you reduce your workers to under 30 hours a week. Or get your total headcount below 50, which isn't possible for a company like ours with 350 employees.
I have posted in several threads about what Obamacare is going to do to the medical sector and mainly the medical device companies.
Formthose that doubt that they will be affected by it, ask the 500 employees at St Medical that were just laid off.
Yesterday, my husbands company walked people out the door, you know, one of those;knock n office door, gather your things, and oh btw, if you voted for Obama, thank him.
This is just the beginning at his company and many more...
My company is already crunching the numbers to see what the impact of Obamacare will be in 2014. So far it appears the hourly workers will be reduced to part time. Unbelievable what this is going to do to businesses and their employees.
How do you see companies responding to this very hefty increase in cost?
Liberals think with their heart and not their heads, sometimes. This is going to have severe consequences.
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