As we all just witnessed the presidential debates last Wednesday, the hot topic was Obamacare. I knew this act was aimed at decreasing the number of uninsured Americans and reducing the overall costs of healthcare. These high level goals sounded great until I bumped into an article this week that some popular casual dining establishments will no longer offer full time work schedules to employees starting in 2014 aimed to help address the cost implications health care reform will have on their business.
The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare was signed into law back in March 2010 with multiple provisions to be enacted over a 10 year period. A provision starting January 2014 states that companies with over 50 employees will be required to provide health insurance to employees working over 30 hours a week. There is a punishment of $3,000 per each uncovered employee for companies who do not follow the law. Read More »