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Friday, November 16, 2012

Economic Education

Well for all he promises we've gotten concerning the rise in jobs, economic growth, and consumer confidence - that isn't going to be the case for long since the following companies are about to have a real big issue with having more than 50 employees and HAVING to provide the government mandated health care levels for them:

§ Papa Johns Pizza (employees will be cut to less than 30 hrs/wk or layoff more)
§ Denny's (will charge 5% surcharge on bills & reduce employee hours/layoff)
§ Walmart (employees to pay +30% in premiums)
§ Methodist Medical Center
§ Aetna
§ Blue Cross Blue Shield (irony, they are one of the companies that MEET the law)
§ Kaiser Permanente
§ Community Medical Centers
§ HealthMarkets
§ Tidewell Hospice
§ Beaumont Hospitals
§ Abbott Labratories
§ Lutheran Medical Center
§ Piedmont Health Center
§ St Francis Medical Center
§ Northwest Community Healthcare
§ Mountain States Health Alliance
§ Metronic
§ Nebraska Medical Center
§ Mercy Health System
§ UCSF Medical Center (University of CA - San Fransisco?)
§ Applebee"s
§ Welch Alllyn
§ Dana Holding Corp
§ Stryker
§ Boston Science
§ Smith & Nephew

The owner of one Denny chain says that if he had to pay the $5000 fine for each employees then it would cost him $175,000 for just ONE SINGLE restaurant, and none of his restaurants make that much in a year. He would take a loss ... he will have no choice but to CUT HOURS & RAISE PRICES

Actually the irony is -- the majority of the businesses about are in the HEALTH CARE BUSINESS in some form or another.

So what will be the outcome?

well more UNDER-EMPLOYED

Less money in the economic stream

more people needing to get their OWN health care or be fined by the IRS

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