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

Gruber Won’t Attend King Obamacare Case At Supreme Court (Washington Examiner) - Jonathan Gruber has made more headlines than anyone else when it comes to the Obamacare subsidies case, but he won't be atten...
Report: After $91M Infusion, Obamacare Website Still A Mess On Ba... (Newsmax) - Despite last year's "urgent" no-bid $91.1 million one-year contract to Accenture Federal Services to repair the troubled Obamacare websit...
The Hill: GOP Believes Obama Is Hiding an Obamacare Plan B (Newsmax) - The Obama administration has said that it doesn't have a contingency plan if the high court rules that Obamacare subsidies cannot be distr...
Treasury Used Unauthorized $3 Billion for Obamacare (Washington Examiner) - The U.S. Treasury Department has rebuffed a request by House Ways and Means Chairman Rep. Paul Ryan, R- Wis., to explain $3 bi...
Treasury Won’t Explain Decision To Make $3 Billion In Obama... (Washington Examiner) - The U.S. Treasury Department has rebuffed a request by House Ways and Means Chairman Rep. Paul Ryan, R- Wis., to explain $3 b...
Will Only Suckers Pay The ObamaCare Tax Penalty? (Investors Business Daily) - This year, as many as 6 million taxpayers will learn that they now owe a "Shared Responsibility Payment" because they di...

Comments


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