SURPRISE: OBAMACARE LAYOFFS, HIRING FREEZES BEGIN
Obama Failed America
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...
Top Opinion
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Jackie G - Poker Playing Pa... 2013/01/06 01:54:37
http://www.obamacareoutsourci...
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...
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...
The bread lines are longer than ever, of course, nowadays there are electronic EBT cards, so the hungry do not need to stand in line on the sidewalk like during the Great Depression.
The Bread line is nearly 50 million people long now.
Nearly 50 million Americans are on Food Stamps.
Politicians, as usual, did not actually solve the problem, they merely hid the line out of sight. But it's still there. DO NOT BE FOOLED!
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...
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/...
“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 ..
It's like they are TRYING to kill our economey...and destroy our constitution....
The free market doesn't work with health insurance and neither does Obamacare. Only socialized medicine will work.
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.