Scouring my superlatively discredited leftist lamestream news sources for something to write about, I came across the following on a topic that's been discussed here over and over again: the cost of Obamacare to small business.
To those of you who thought creating a system that allows all Americans to basic health care would be our ruin, this should be great news!
Restaurant owners have been fierce critics of the health-care overhaul law, fearing that its mandate for employers to offer insurance more broadly will drive up costs and deter hiring.
Now, some operators say the law may not be that costly after all. They say many employees won't qualify for coverage, and many of those who do qualify will decline company-offered insurance.
Wendy's Co. initially estimated the health-care law would increase the cost of operating each of its 5,800 U.S. restaurants by $25,000 a year. But Chief Financial Officer Steve Hare told an investment conference on March 14 that executives have cut the estimate by 80%, to $5,000 a year, primarily because they expect many employees to decline the insurance offering.
"It is still going to be an additional cost that both the company and our franchisees will have to absorb, but we think it is going to be manageable," Mr. Hare said. A Wendy's spokesman said the company continues to refine its cost estimates and it would be "premature" to discuss them further.
Executives of other restaurant chains, including Chipotle Mexican Grill Inc., Jack in the Box Inc. and Popeye's Louisiana Kitchen, have offered similar cost estimates in recent months.
It’s relatively easy to agree that only Homo sapiens can speak about things that don’t really exist, and believe six impossible things before breakfast. You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.
Analytics wrote:Scouring my superlatively discredited leftist lamestream news sources for something to write about, I came across the following on a topic that's been discussed here over and over again: the cost of Obamacare to small business.
This is obviously going to impact different companies in different ways, depending on their number of employees and their current benefits structure. It's great that Wendy's has found that it works for them, and I hope my business can find the same result.
This is a good article about the general options faced by business owners: