Quantcast

SURPRISE: OBAMACARE LAYOFFS, HIRING FREEZES BEGIN

Stop Hillary 2016 2013/01/05 22:45:38

Obamacare opponents warned that forcing companies employing 50 or more full-time workers to buy healthcare would prompt employers to slash jobs and worker hours. And that’s exactly what’s happening,says one of President Barack Obama’s favorite economists, Mark Zandi of Moody’s Analytics.

“It will have a negative impact on job creation” this year, says Mr. Zandi.

The Obamacare employer mandate doesn’t go into effect until January 1, 2014, but the government requires businesses to track worker schedules for three to 12 months in advance. That means many employers plan to get a jump start on avoiding Obamacare’s $2,000 per-worker fine by firing workers now, reducing employee hours, or replacing full-time employees with part-time workers.

A survey by the International Franchise Association finds that 31% of franchisees say they plan to cut staff to duck under Obamacare’s 50-employer mandate. And another study byMercer consulting firm found that half of businesses who don’t presently offer health insurance plan to reduce employee hours to avert triggering Obamacare’s penalties.

As Breitbart News has reported, Pennsylvania Community College of Allegheny County has already slashed the hours of 400 adjunct instructors, support staff, and part-time teachers to sidestep the Obamacare fines. Doing so will save the already cash-strapped college an estimated $6 million.

Other Obamacare provisions, like the medical devise excise tax, have forced Stryker medical supply to cut 1,170 positions, despite the fact that the founder of the company’s grandson was among Mr. Obama’s biggest campaign donors. Other medical device makers like Boston Scientific, Dana Holding Corp., Welch Allyn, Medtronic, Kinetic Concepts, and Smith & Nephew have similarly forecast the needs to cut hundreds of jobs each as the result of Obamcare.

The day after Mr. Obama’s reelection, a Las Vegas employer fired 22 of his 114 employees citing Obamacare regulations as the culprit.

Christine Ippolito of Compass Workforce Solutions says companies just under the 50 employee threshold now plan to hold off on hiring to avoid triggering the $2,000-per worker penalty.

Ernie Canadeo, the president of EGC Group advertising agency, agrees. Mr. Canadeo sayshe had planned to hire 10 workers this year, but may wait so as not to cross the 50-worker mark.

The looming Obamacare layoffs and hiring freezes come as a Labor Department report announced today that the unemployment rate remains at 7.8% (revised up from the originally reported 7.7%). Presently, 22.6 million Americans are either unemployed, underemployed, or marginally attached to the work force.

Read More: http://www.breitbart.com/Big-Government/2013/01/04...

You!
Add Photos & Videos

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • RichardBlank 2013/05/24 00:30:30
    RichardBlank
    OBAMACARE vs. BUSINESS PROCESS OUTSOURCING in 2014? The U.S. healthcare reform (“Obama Care” or the “Patient Protection and Affordable Care Act”) is intended to pressure large and small employers through force and taxation. Enacted in July 2010, the end result will show North American companies deciding to send customer support, sales, lead generation and appointment setting jobs offshore to stay competitive or risk going out of business. Many business owners will hire a dedicated bilingual employee nearshore who is 100% qualified for their project. Financially speaking, ESL call center employees in Costa Rica are as effective as transitional in-house staff for half of the cost. This proven strategy will give small to medium sized companies the option to scale up their BPO staff without getting caught in the Obamacare challenge in 2014.

    http://www.obamacareoutsourci...
  • Stop Hillary 2016 2013/01/11 21:01:22
    Stop Hillary 2016
    Obama’s health care law may have been ruled constitutional last year, but it now faces a legal challenge over whether the federal government can pay out subsidies in states that have refused to set up their own insurance exchanges.

    Congressional Republicans and Oklahoma’s attorney general say only states that have set up their own virtual insurance markets, or “exchanges,” are eligible for the tax credits to help individuals buy insurance. The Obama administration disagrees.

    The fight could be worth $500 billion — the value of tax credits that would be paid over the next decade to 25 states that have refused to run their own exchanges and instead say they will let the federal government take control, according to House oversight committee staff.

    “This issue is a mortal threat to the health care law,” said Michael F. Cannon, who has tracked the issue closely as director of health care policy studies at the Cato Institute.

    At issue is part of the 2010 Patient Protection and Affordable Care Act — familiarly known as “Obamacare” — that critics say shows the tax credits were intended solely for exchanges set up by the states and don’t apply to a federally run exchange.

    Read more: http://www.washingtontimes.co...
  • Hamilton 2013/01/09 22:03:01
    Hamilton
    i'msoshocked.
  • Stop Hillary 2016 2013/01/09 19:52:37
    Stop Hillary 2016
    +1
    Shift to part-time employees to avoid ObamaCare beginsIt was inevitable. In order to avoid crippling requirements imposed by ObamaCare, major corporations and many small businesses will be reducing employee hours, and shifting from full-time employees to part-time employees.

    Expect to see a whole lot more of this. And then expect to hear outcries from leftists over all the “uninsured” people still out there, along with calls for tightening revisions to ObamaCare,

    NewsMax reports,

    Employees at various Wendy’s restaurant locations in Nebraska will work fewer hours this year, reportedly due to costs associated with Obamacare.

    Under the new healthcare law, businesses with 50 or more “full-time” employees must offer health benefits to their staffers working between 32 and 38 hours. Non-managerial workers at Omaha-area Wendy’s will see their hours cut to 28 hours a week, according to local NBC affiliate WOWT.

    Gary Burdette, vice president of operations for the Wendy’s franchise, acknowledged the cuts are an attempt by the franchise owner to reduce the number of full-time employees at his Wendy’s locations to avoid offering health care benefits to his staff, according to WOWT.

    http://americanvisionnews.com...
  • jmc07806-PWCM-JLA 2013/01/07 15:10:04
    jmc07806-PWCM-JLA
    +2
    It has all been predicted why is it a surprise.
  • Torchmanner ~PWCM~JLA 2013/01/07 13:03:39
    Torchmanner ~PWCM~JLA
    +2
    obaaaama care has caused insurance premiums to rise dramatically already. Now it is costing jobs as well. This country is regressing.
  • jumpboots 187th PIR 2013/01/07 02:00:21
    jumpboots 187th PIR
    +2
    We are doomed.
  • Drummerlou 2013/01/06 18:29:41
    Drummerlou
    Yeah and G.W.B. really helped the country out at the end of his term in late 2008 with his little game of tootsie on wall street and then took the money and ran back to Texas........Get a life....
  • Debra Smith 2013/01/06 18:28:12
  • Donatello 2013/01/06 17:25:10 (edited)
  • Embalmer 2013/01/06 16:02:41
    Embalmer
    “It will have a negative impact on job creation” this year, says Mr. Zandi.

    Note that Zandi specified THIS year and not the future. Obamacare will create jobs when it's in full force. It would behoove all of you hoping for job loses to read this entire study, that is if you're capable of doing so.

    "Measuring Economic Impacts
    Any economic stimulus (such asdirect spending,investments, or corporate activity)
    generates multiplier effects throughout the economy.
    In this instance, economic benefits of expanding Medicaid under the ACA include
    increased health - related spending, additional private outlays associated with reducing uncompensated care, and higher productivity stemming from better health outcomes.
    (These channels of benefits were briefly described
    above.) Once the direct stimulus was quantified, the associated multiplier effects were measured.
    The Perryman Group’s input - output assessment model (the US Multi - Regional Impact System, which is described in further detail in the Appendices to this report) was developed by The Perryman Group some 30 years ago and has been consistently maintained and updated since that time; it has been used in hundreds of analyses for clients ranging from major corporations to government agencies.
    The system uses a variety of data (fro...



















    “It will have a negative impact on job creation” this year, says Mr. Zandi.

    Note that Zandi specified THIS year and not the future. Obamacare will create jobs when it's in full force. It would behoove all of you hoping for job loses to read this entire study, that is if you're capable of doing so.

    "Measuring Economic Impacts
    Any economic stimulus (such asdirect spending,investments, or corporate activity)
    generates multiplier effects throughout the economy.
    In this instance, economic benefits of expanding Medicaid under the ACA include
    increased health - related spending, additional private outlays associated with reducing uncompensated care, and higher productivity stemming from better health outcomes.
    (These channels of benefits were briefly described
    above.) Once the direct stimulus was quantified, the associated multiplier effects were measured.
    The Perryman Group’s input - output assessment model (the US Multi - Regional Impact System, which is described in further detail in the Appendices to this report) was developed by The Perryman Group some 30 years ago and has been consistently maintained and updated since that time; it has been used in hundreds of analyses for clients ranging from major corporations to government agencies.
    The system uses a variety of data (from surveys, industry information, and other sources) to describe the various goods and services (known as resources or inputs)
    required to produce another good/service.
    This process allows for estimation of the total economic impact (including multiplier effects) of expanding Medicaid under the ACA.

    An associated fiscal model allows for estimation of tax receipts to state and local entities. The submodel used in the current analysis reflects the specific industrial composition and characteristics of the Texas economy.

    These total economic effects are quantified for key measures of business activity
    :

    Total expenditures (or total spending) measure the dollars changing hands as a result of the economic stimulus.

    Gross product (or output) is production of goods and services that will come about in each area as a result of the activity. This measure is parallel to the gross domestic product numbers commonly reported by various media outlets and is a subset of total expenditures.

    Personal income is dollars that end up in the hands of people in the area; the vast majority of this aggregate derives from the earnings of employees, but payments such as interest and rents are also included.

    Job gains are expressed as (1) person - years of employment (one person working for one year) for temporary projects (such as construction of a facility) or cumulative assessments over time or (2) permanent jobs when evaluating ongoing annual effects.
    Monetary values were quantified on both a current dollar basis (meaning that they allow for medical inflation and reflect the size of outlays at the time they are expended) and
    a constant (2012) basis, which eliminates inflationary effects and allows comparison across various time periods. See the Appendices to this report for additional
    information regarding the methods and assumptions used in this analysis."


    http://www.perrymangroup.com/...
    (more)
  • GINGERBREAD 2013/01/06 15:37:07
    GINGERBREAD
    +2
    If you think this will deter these liberals, socialists and communists, you are so wrong. They are preparing for this, by increasing their war on the wealthy, except, of course, the wealthy liberals, socialists and communists. They will write in "LOOP HOLES" for these constituents. With the help of the lamestream media, we will be hearing more and more about how the wealthy has "RAPED" the normal people, and we will hear more and more praises of those people that have come in to the "GOVERNMENT PLANTATION". Pretty soon, it will be an "HONOR" to be a member of the "GOVERNMENT PLANTATION". Untill, of course, when we go completely broke. These people are also prepared for that. THEY WILL BLAME EVERY THING ON THE "RICH"
  • Wahvlvke 2013/01/06 15:07:53
    Wahvlvke
    I'm loving it.
  • Tuna 2013/01/06 14:01:00
    Tuna
    +3
    Isn't it the GIANT of the industry, PFIZER, that is talking about moving away to Switzerland I think the report was; putting thousands of Americans out of work pfizer
  • santa6642 2013/01/06 13:42:31
  • 2bad4u 2013/01/06 11:08:16
  • Tuna 2bad4u 2013/01/06 14:06:41
    Tuna
    +2
    Not so fast. Medicare is deducted from your paycheck; Medicare taxes will go up on everyone PLUS the government will reduce the amount it pays to doctors/RNs/LPNs who treat Medicare patients. And that number is 3% not 2% "IF" (that great big word "IF") if those businesses apply for a variance from providing healthcare benefits for all employees or face a fine.
  • templer003 2013/01/06 10:28:41
  • sglmom 2013/01/06 10:16:48
    sglmom
    +4
    Did you just wake up from slumber Mr Zandi?

    “It will have a negative impact on job creation” this year, says Mr. Zandi.

    This is a DUH moment for you .. obviously it IS hurting hiring and business .. and paychecks are feeling the PINCH as a result of obiecare too ..
  • Tuna sglmom 2013/01/06 14:09:04
    Tuna
    +3
    Wonder why over 10,000 exemptions have already been granted from this terrific plan; also why they are already talking about moving its start date from 2014 to 2015 or 2016?? Must be alot of kinks to iron out, huh?
  • AL 2013/01/06 08:57:56
    AL
    +3
    And yet you Obama believers fell for the same old B.S. twice now as well!
  • WinterLynn 2013/01/06 08:24:47
  • WannaBeRSC the Contrarian SOB 2013/01/06 08:01:07
    WannaBeRSC the Contrarian SOB
    +7
    No more full employment... wonder if all those grads will be able to pay their loans off by working a Mickey D's?
  • AL WannaBe... 2013/01/06 08:59:37
    AL
    +4
    Seems they still had it their way after all!LOL!
  • Mamaknows 2013/01/06 07:36:24
    Mamaknows
    +8
    LOL our area has lost a hospital AND lost more medical jobs many drs just closing up shop...and I take issuse with their"improving" unemployment numbers ours was 14+- last I checked two weeks ago...

    It's like they are TRYING to kill our economey...and destroy our constitution....
  • wqerwqerwe 2013/01/06 07:24:53
    wqerwqerwe
    +1
    Its really okay that this is happening. People will be boycotting businesses who fire people. Its been talked about by a lot of us.
  • Wahvlvke wqerwqerwe 2013/01/06 15:14:27
    Wahvlvke
    +2
    And a lot of us will be patronizing those businesses who fire obama voters due to this insane legislation and have the courage to speak out against it.
  • wqerwqerwe Wahvlvke 2013/01/06 20:13:03
    wqerwqerwe
    Insanity.
  • Wahvlvke wqerwqerwe 2013/01/07 13:53:03
    Wahvlvke
    +1
    No ... it's called principle.
  • sbtbill 2013/01/06 06:51:13
    sbtbill
    +1
    The left wanted at least a public option. Preferably we should have medicare for all. That would solve the problem as then everyone would be paying premiums through taxes. Business would be able to compete internationally better as most of our international competitors do health insurance that way.

    The free market doesn't work with health insurance and neither does Obamacare. Only socialized medicine will work.
  • WinterLynn sbtbill 2013/01/06 08:25:59
  • sbtbill WinterLynn 2013/01/06 12:16:19
    sbtbill
    +1
    Free market medicine doesn't work.
  • Lady Wh... sbtbill 2013/01/06 14:08:24
    Lady Whitewolf
    agreed
  • Wahvlvke sbtbill 2013/01/06 15:18:25
    Wahvlvke
    +1
    The government did in free market medicine with the advent of medicare/medicaid ... that would be when the costs started their meteoric rise. It is government interference in the free market that doesn't work.
  • sbtbill Wahvlvke 2013/01/06 21:56:06
    sbtbill
    Cost started rising in the early 40's when health insurance became a 3rd party payer benefit. Initial it wasn't noticed because it was just 5 or 10% of a small amount. The insurance companies were taking it from employers who could pass the cost on to consumers. By about 1990 employers started seeing that they couldn't keep passing these costs on and started putting them on workers. By about 2000 workers started being unable to afford them and employers started dropping health insurance. Providers didn't want to see profits go down so they passed costs on to the government (medicaid) and back to the insurers.

    This is the vicious cycle we are in today. Obamacare is a band aid that slows it every so slightly but in the long run we have to go to socialized medicine as it is the only way to both control costs and assure care to the most people.

    Medicare for all please.
  • Wahvlvke sbtbill 2013/01/07 13:56:37
  • WinterLynn sbtbill 2013/01/07 20:16:13
  • WinterLynn sbtbill 2013/01/07 20:13:01
  • AL sbtbill 2013/01/06 09:01:22
    AL
    +4
    Did you also fall on your head,like Hillary did as well?
  • sbtbill AL 2013/01/06 12:17:48
    sbtbill
    +1
    Nope I just follow health insurance. I used to be a licensed agent.

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/09/17 19:51:16

Hot Questions on SodaHead
More Hot Questions

More Community More Originals