posted on Nov, 15 2012 @ 09:48 PM
An owner of many Denny's restaurants has apparently "announced" bad news because of ObamaCare.
A 5% surcharge will be added to customers bills and many employee hours will be chopped down to under 30 hours a week.
The owner says he is willing to take the chance of losing business with the surcharge rather than just raising prices.
ObamaCare says employees under 30 hours don't need to be covered by the employer.
I guess those people will have to go to those "exchanges" to get insurance or just pay the fines on their income tax returns.
Some might qualify for assistance Medicaid in some States.
Many companies will be reducing weekly hours to under 30.
President Obama's election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power - but that has left
some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny's and owns the Hurricane Grill & Wings franchise has decided to offset that
by adding a five percent surcharge to customers' bills and will reduce his employees' hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is 'the only alternative. I've got to pass on
the cost to the customer.'
It looks like 30 hours is the new standard for full time
related thread: Obamacare Mandate: Anyone Who Works 30-Hour Week Is Now
I wonder if any studies have been done about the effects on employees' reduced hours.
Maybe some of those people will need more medical attention from the added stress !!