Joined Dec 2007 L10: Grand Master
Employers start preparing for ObamaCare
November 15, 2012 at 07:34 AM
just one of the many articles I've read in the past couple of days.. I've heard about mostly restaurants recently. Applebees, PapJohn's now Denny's and a few others..
In the end we ensure everyone has healthcare.. but at the cost of everyone else. I've seen talks by numerous companies about going w/ contracted workers, using more PT people, raising prices to consumers etc.. etc.. You'd have to be insane to have anticipated this, is the cost worth the benefit. I also know some very high up individuals at Private Healthcare industries. They are preparing for the absolute worst because of the payments they'll be sending out to hospitals in the future. To quote quite a few.. they don't see themselves surviving (as a company) for more than another 7 years or so.
Quote :"It's a great concept," he said. "We want to have everyone insured. The problem is, who is going to pay for it and how are we going to accomplish this?"
Under the current law, employers with more than 50 full-time (or equivalent) workers will be charged a penalty for the number of employees exceeding 30 full-time staffers who are not covered. With an average of 35 full-time employees per location, Metz said the $2,000 penalty would total roughly $70,000 per restaurant. Current coverage costs Metz up to $6,000 annually per full-time employee, he said. He currently provides coverage to about 250 employees.
"It's going to be a big issue for all of us -- for my employees and for me," said Metz, who has been in the industry since 1975. "The ones that are working more than 28 hours, they're going to act as if I'm cutting their hours and they'll have to find another job."
At Denny's restaurants operated by Metz, the average check is $9, he said, meaning the ObamaCare surcharge if implemented would be 45 cents on that bill. At Hurricane Grill & Wings locations, where the average bill is $14.50, the surcharge would total 72 cents.
Metz said he believes the entire restaurant industry -- even high-end locations -- will ultimately embrace the idea.
Join the Conversation