A new survey of the nation’s top companies finds that large numbers plan to cut benefits, hours, and hiring to deal with the costs of Obamacare.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar to the right. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Finding out what’s in it: A new survey of the nation’s top companies finds that large numbers plan to cut benefits, hours, and hiring to deal with the costs of Obamacare.
[The survey] of top companies found that 44 percent are considering reducing health benefits to current employees due to Obamacare, confirming the fears of millions of American workers. In its December survey of chief financial officers around the country, Duke also found that nearly half are “reluctant to hire full-time employers because of the Affordable Care Act.” And 40 percent are considering shifting to part-time workers and others will hire fewer workers or fire some to avoid the costs of the program. What’s more, they said in the study, “One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.”
Not surprisingly, the Democrats — who have defended Obamacare through thick and thin, even shutting down the government to facilitate its implementation — have called the loss of jobs a good thing.