Obamacare Layoffs, Hiring Freezes Begin

January 6, 2013 11:37 pm  

(Breitbart) – 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.

SPECIAL: ObamaCare Must Be Destroyed With A Vote Of Congress!

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 by Mercer 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 says he 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.

http://www.breitbart.com/Big-Government/2013/01/04/Surprise-Obamacare-Layoffs-And-Hiring-Freezes-Begin

Gun Control: Obama Leveraging Wal-Mart to End Private Gun Sales
Buchanan Warns of 'Revolution' Over Guns

Top Stories

Obama Admin: Dropoff in Obamacare Enrollment Since January (McClatchy DC) - The number of people enrolled in coverage through President Barack Obama’s health care law this year decreased to 11.1 million by t...
NOT AGAIN! Obamacare Premiums Set to Spike (AP) - Premiums for popular low-cost medical plans under the federal health care law are expected to go up an average of 11 percent next year, said a ...
SURPRISE! California Wants to Let Illegal Immigrants Enroll in Ob... (Washington Examiner) - A bill that would allow illegal immigrants to buy Obamacare plans with their own money is headed to the desk of California Gov...
Obamacare Co-ops Failing, Just 10 Remain (Newsmax) - More than half of the health insurance co-ops set up under Obamacare have failed, including one in Ohio that has left almost 22,000 people...
House GOP: White House Stalling on Obamacare Subpoenas (Newsmax) - The latest front in an ongoing war over Obamacare between the White House and House Republicans is centering on subpoenas for documents re...
Obamacare Worries: Largest Texas Insurer Asks Big Price Hike (Newsmax) - Fresh problems for "Obamacare": The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearl...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.