Regal Entertainment Group, which operates more than 500 theaters in 38 states, last month rolled back shifts for non-salaried workers to 30 hours per week, putting them under the threshold at which employers are required to provide health insurance. The Nashville-based company said in a letter to managers that the move was a direct result of ObamaCare
It doesn’t take a genius to see this coming with more companies to follow, not to mention those that have gone before.
Regal, which had revenue of $2.8 billion in 2011, is the latest company to respond this way to the Affordable Health Care Act’s requirement that employees at companies of a certain size who work more than 30 hours per week be provided health coverage. Applebee’s and Olive Garden also scaled back the hours of workers. A handful of colleges have cut hours because of the law, including Palm Beach State College in Florida and New Jersey’s Kean University. Critics say the law is boomeranging on working folks.
The Heritage foundation doesn’t seem to think the Obamacare mandates are a good solution for the economy…
“If you want to have reduced work, lower wages and economic stagnation, this is a great way to do it, said Ed Haislmaier, senior research fellow at the Heritage Foundation.
Hey, even State governments are getting into the act:
In addition to the movie theater chain and several restaurants, the state of Virginia also rolled back the hours of all part-time employees back to 29 per week in February, with officials from the state claiming that the new mandate would cost the state tens of millions of dollars a year.
Most likely the newly minted part time empolyees will be eligible for subsidies under the Affordable Care Act, at least until they get a 2nd job to earn the same as their previous wage. The catch 22 is as they earn more money, the less the subsidy that will be available to them. Brother, you can’t make this stuff up.