Pizza Tax: Taxing an Even Larger Slice
In a study recently released by Mercer, analysts surveyed 1,203 employers, 60% of which were preparing for an increase in cost as a direct result of Obamacare. Of employers hit the hardest by Obamacare, Mercer found the effects would primarily hit retail and hospitality employers who employ "the most part-time and low-paid employees."
To exemplify the effects Obamacare will have on employers:
- Beginning in 2014 employers will be required to extend coverage to all employees working 30+ hours per week or face possible penalties.
- A fourth of all survey respondents said they will have to take action to avoid...penalties.
- Retail/ wholesale employers...are more inclined to change their workforce strategy.
The Cost of Obamacare is not reserved to retail and hospitality:
|Retail and Hospitality||46%|
|Health Care Services||40%|
|Financial Services||32% &nbs...|
|Transportation/ Communication/ Utility||31%|