When Mary Miller, CEO of Cincinnati‚Äôs Jancoa Janitorial Services, testified July 10 before the House Committee on Oversight and Government Reform, her message was clear: The federal healthcare law would force her and her husband ‚Äúto choose between several impossible options in order to remain in business.‚ÄĚ The options: either increase premiums for her 320 full-time employees, cease coverage and pay a more than $600,000 penalty, or downgrade workers to part-time status.
So far, the company hasn‚Äôt had layoffs and can operate until 2014 without incurring penalties. But other companies, especially larger companies, are taking preemptive steps to avoid the impact of the healthcare law.
The law requires employers to provide health insurance for employees working more than 30 hours a week. So grocery retailer Kroger, with more than 350,000 employees, said it will limit part-time employees to 28 hours...
Worldmag wrote: The law requires employers to provide health insurance for employees working more than 30 hours a week. So grocery retailer Kroger, with more than 350,000 employees, said it will limit part-time employees to 28 hours ...
Sounds just like what businesses were doing to avoid the costs of private healthcare insurance for their part time staff. More smoke and mirrors.
"Obamacare doesn‚Äôt just hit low-wage retail and fast-food employees. Medical device manufacturers, who typically hire high-wage, technically trained workers, also take a hit from the mandated medical device tax."
Looks like the (Jim Lincoln supported) Affordable Care Act (ACA) when implemented can't "afford" to keep everybody in employment.
""The conservative group FreedomWorks said at least 10 medical device companies have announced more than 5,000 job cuts since passage of the Affordable Care Act""