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Finding out what’s in it: A survey of businesses has found that employers have reduced employee work hours significantly to avoid Obamacare.
A new survey by the Society of Human Resource Management released Tuesday found about 14 percent of businesses have reduced part-time hours and another 6 percent plan to do so. Employers are reducing hours to avoid Obamacare’s employer mandate, which requires companies to provide health insurance to all workers that work 30 or more hours a week. In addition, 5 percent of companies already reduced or plan to reduce the total number of employees.
Believe me, this is only the start. Essentially, Obamacare makes it difficult if not impossible to make a profit.