ObamaCare was designed to destroy employer-paid health care and Obama said so himself. Then to kill the economy even faster, ObamaCare redefines what a full-time employee is. It use to be a 40-hour work week but now under Obama its 30-hours. The side effects will be more employers dropping insurance for their employees while reducing work hours.
From Chicago Sun Times:
Love it or hate it, President Barack Obama’s re-election Tuesday cleared the last major hurdle toward implementing the Patient Protection and Affordable Care Act.
Businesses are being forced to take a fast and hard look at how to handle the shift in health-care benefits and potential costs that are part of the law that goes fully into effect in 14 months.
“This is here to stay,” said J.D. Piro, a senior vice president at Aon Hewitt who leads the company’s health law consulting group. “I’ve been saying for a couple of years this is by and large an entitlement program, and entitlement programs are very rarely repealed. They can be amended or changed around the edges. But it hasn’t been overturned in court or at the ballot box.”
By 2014, employers with the equivalent of at least 50 or more full-time workers will be required to provide health care for those who work 30 or more hours a week. If they don’t, they’ll have to pay a $2,000 penalty per employee after the first 30 workers.
Those studying the law thought that few employers would take the penalty — which is substantially less than the cost of providing health benefits — or shift toward filling full-time positions with part-time workers who don’t meet the mandate.
“Employers have been looking for ways to control the cost of health coverage since World War II when health benefits were first introduced,” said Paul Fronstin, director of the health research program at the nonprofit, nonpartisan Employee Benefit Research Institute. “They aren’t happy about the costs, yet they haven’t abandoned the coverage. They’re going to continue to do that with the Affordable Care Act.”