Report: Businesses Cut Full-time Workers to Meet Obamacare Mandate
A new study revealed something we already knew – Obamacare is killing full-time jobs.
Obamacare is turning America into a part-time nation.
Of the thousands of Jobs Created In 2013, 77% Are Part-Time
And it’s likely to get worse…
Obamacare will kill off a significant portion of the US full-time workforce.
Obamacare is accelerating the US towards a part-time nation.
The Christian Science Monitor reported:
First, President Obama had to backtrack from his promise that if you like your health insurance plan, under Obamacare “you can keep it.” Now, a new study is suggesting that, under Obamacare, “If you like your workweek, you can’t necessarily keep it, either.”
About 30 percent of small franchises and 12 percent of other small businesses say they are cutting work hours – or swapping full-time for part-time workers – because of the law, according to a poll sponsored by business groups.
The moves are part of a bid to control health-care expenses, and they are a sign of how the Affordable Care Act (ACA), which was designed to greatly expand the number of Americans who have health insurance, could be having some unintended consequences in the job market.
A key Obamacare incentive is an “employer mandate” that asks businesses to sponsor health insurance (or pay a penalty) if they have more than 50 full-time employees. It defines a full-time worker as one serving 30 or more hours per week. So a firm can avoid the mandate by having fewer than 50 people working full-time.
Although the provision won’t be enforced until 2015, some employers with 40 to 500 workers have already started adjusting for the new landscape…