74% of small businesses will
fire workers, cut hours under Obamacare
Washington Examiner – Pal Bedard – 7/16/2013
Despite the administration's
controversial decision to delay forcing companies to join Obamacare for a year,
three-quarters of small businesses are still making plans to duck the costly
law by firing workers, reducing hours of full-time staff, or shift many to
part-time, according to a sobering survey released by the U.S. Chamber of
Commerce.
"Small businesses
expect the requirement to negatively impact their employees. Twenty-seven
percent say they will cut hours to reduce full time employees, 24 percent will
reduce hiring, and 23 percent plan to replace full time employees with
part-time workers to avoid triggering the mandate," said the Chamber
business survey provided to Secrets.
Under Obamacare, just 30
hours — not the nationally recognized 40 hours — is considered
full-time. Companies with 50 full-time workers or more are required to provide
health care, or pay a fine.
The administration recently
decided to wait a year before businesses had to comply, but many are trying to
get ready anyway. The president did not delay the mandate that Americans must
have health insurance or pay a fine, however.
Click the link above for
seven other key findings of the Chamber survey.
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