NEWS: Investor's Business Daily - Obamacare: 258 Employers Cut Work Hours, Jobs So Far
New Analysis Chronicles Over 250 Job Creators Negatively Impacted By Health Law
As the Obama administration repeatedly claims that its signature health care law is not harming the nation’s job creators, Investor’s Business Daily (IBD) is out with a new report that will be difficult to ignore. According to IBD’s analysis, “More than 250 employers have cut work hours, jobs or taken other steps to avoid Obamacare costs…” IBD’s database should be a helpful resource for White House Press Secretary Jay Carney and Centers for Medicare and Medicaid Services Administrator Marilyn Tavenner, who told the committee she had heard of only “isolated incidents” of such concerns. IBD also reveals that, because of the employer mandate delay in July, the worst is still yet to come, reporting, “Many employers were only just beginning to understand and respond to Obamacare’s regulations that were confusing and late in coming. This suggests another flurry of work-hour reductions can be expected next spring.”
September 3, 2013
Obamacare: 258 Employers Cut Work Hours, Jobs So Far
More than 250 employers have cut work hours, jobs or taken other steps to avoid ObamaCare costs, according to a new IBD analysis.
Mind the data have been the refrain from the White House as it downplays anecdotal reports of employers limiting workers to fewer than 30 hours per week.
But the anecdotes are piling high enough that they now constitute a body of data that can help gauge the impact of the Affordable Care Act's employer mandate.
IBD is introducing ObamaCare Employer Mandate: A List Of Cuts To Work Hours, Jobs — a compilation of employers who have opted to restrict work hours to limit new liability for employee health coverage.
As of Sept. 3, this list has reached 258 — including more than 200 public-sector employers.
Almost all of those employers have cut the hours of part-time workers to below 30 per week — the point at which ObamaCare's insurance mandate kicks in.
A few have cut payrolls to steer clear of ObamaCare's 50 full-time-equivalent-worker definition of a large employer subject to employer fines. A few others have reduced staff while contracting with employment services firms to limit their ObamaCare exposure. …
Read the complete story online here.