Posted on 11/11/2012 7:11:37 PM PST by tobyhill
The CEO of popular pizza chain Papa John's says his employees may face reduced hours and he expects his business costs to rise because President Obama's re-election most likely insures the president's health care reform law will be implemented in full.
NaplesNews.com reports John Schnatter made the remarks to a small group at Edison State College's Collier County campus the day after the election.
Schnatter, who supported Mitt Romney in the election, said all Americans having health insurance under ObamaCare is a good, but estimates the change will cost Papa John's $5 million to $8 million annually.
Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees' hours because they can't afford the costs of health insurance plans.
(Excerpt) Read more at foxnews.com ...
Yikes.
That hurts families!
Oh. Thanks.
What about this question. I live in Texas. My employer is based in California. Does my employer have to follow California’s standards or Texas standards?
insane liberal??
isn’t that redundant??
Government has no business mandating a company or a private citizen to get health insurance. The people in charge writing laws are the worse of our society. I distrust them more every day. (Thank you, Justice Roberts-hope you are freakin happy in your ruling in what you caused and it still didn’t take the issue off of the table for Romney, did it)
touché
Texas
Probably nothing because it’s advertising.
Ordered ours tonight.
THANKS!
Let me take a wild guess here: you’ve never owned or run a business, have you?
Chik-Fil-A - The Sequel
Just fire all the Democrat workers:)
You folks don’t get it. This will fix the unemployment, and put millions of people back to work. Let’s say you had 40 people working 40 hrs/week. If you cut them all back to 29 hours, then you will have to hire 15 more part-time employees to keep your manpower hours at 1600/week. This will drop the U3 unemployment rate.
Hoooray!!! Obama created more new jobs!!!!
And it creates more dependency sine few can live on hours reduced like that.
Adam Smith’s Invisible Hand: Quicker than the Dems’ eyes.
Now they will try to make “full-time” a twenty hour week.
And Papa John will cut everyone’s hours to nineteen. Good!
All retail businesses are going to forced to follow suit
YP. I called it “Obama’s Job Sharing Plan”
I believe I read that the IRS will go back 6 mos prior to ensure this wasn’t a way around the 29-30 hr story.
The libtards are out in force in all the comment sections of every story of lay offs by companies in the up-coming year or two.
They’ll NEVAH blame their black Messiah and his screwed up nanny state programs.
It’s going to be funny to watch all these liberals get their hours cut in EVERY occupation. Especially healthcare. Too bad for those who voted against obama.
Of course, all obama has to do is sign an executive order making it the law that ALL part time employees must be covered.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.