Thursday, September 13, 2012

Killing The Kulaks

       WHAT GUMMINT DOES
    
   

Franchisors warn Obamacare will halve profits




Res Ipsa Loquitor

[...] Taco Bell and Kentucky Fried Chicken franchiser David Barr, presumed that the reports about how hard Obamacare will hit them were overblown. "They had their head in the sand," he told Secrets.

That is until he pulled out his powerpoint showing how funding Obamacare will cut his--and likely their--profits in half overnight. With simple math the small business folks understood, he spelled out that their only choice is to slash employee hours so they aren't eligible for company-paid health care or stop offering insurance and pay the $2,000 per employee fine.

But that's not all. His experience tells him that most low-wage workers he would have to cover under Obamacare won't take it because their $995 share is too high, meaning those the program was set up for won't see any benefit. And those who do will because they have major health issues, likely resulting in higher premiums to him.


Barr has 23 stores with 421 employees, 109 of whom are full-time. Of those, he provides 30 with health insurance. Barr said he pays 81 percent of their Blue Cross Blue Shield policy, or $4,073 of $5,028 for individuals, more for families, for a total bill of $129,000 a year. Employees pay $995.

Under Obamacare, however, he will have to provide health insurance for all 109 full-time workers, a cost of $444,000, or two and half times more than his current costs. That $315,000 increase is equal to just over half his annual profit, after expenses, or 1.5 percent of sales. As a result, he said, "I'm not paying $444,000."

Providing no insurance would result in a federal fine of $158,000, $29,000 more than he now spends but the lowest cost possible under the Obamacare law. So he now views that as his cap and he'll either cut worker hours or replace them with machines to get his costs down or dump them on the public health exchange and pay the fine. "Every business has a way to eliminate jobs," he said, "but that's not good for them or me." [FULL]

I hope y'all watched that Glenn Beck video, where he compares the federal agencies created by FDR against the number that will be created by Obamacare.  Why?  I don't know, actually.  It's not like you don't know what a deadly threat he is to this nation. A threat even to the stuck-on-stupid classes who will vote for him again.


12 comments:

pdwalker said...

So the question is, will there ever be a repeal of the out of control government regulation and government agencies, or will the whole system have to completely collapse first?

Chris in NC said...

pdwalker: It has to collapse. No alternative. Libs will never cut the spending out. Can't raise taxes enough to pay the bills. This has to end in collapse and blood.

Anonymous said...

If you cut employee hours the feds will charge you with unfairly manipulating work schedules to evade manatory federal reqirements to provide employee benefits.

Anonymous said...

OT I notice that symantec is flagging this site as well as doug ross' as possible dangerous web sites. just thought you might like to know

firefirefire

Anonymous said...

"halve" your profits, or "have" your profits?

Sir H the Comet

Cheesy said...

Meanwhile, a KFC is burning in Lebanon.
One could say this is another result of zero's lack of foreign policy (or any other) experience.

Rodger the Real King of France said...

firefirefire - thanks for this. I just contacted the Syamtec's top five corporate officers and asked for an explanation.

Rodger the Real King of France said...

Exclusive: America 'was warned of embassy attack but did nothing'...
State Dept 'had credible information 48 hours before'...
Revealed: Inside story of ambassador's assassination...
Sensitive documents go missing...
Exposed: Names of Libyans who are working with Americans...
Was 'revenge for drone strike'...
'There were 400 attackers'...
OBAMA ADMINISTRATION DENIES...
PAPER: Egypt intelligence warned on Sept. 4 of possible attacks...

Juice said...

Wow, firefirefire and Rodger.
Freedom of speech stomped before it is spoken, or more importantly, shared. Mustn't have any of those individual thoughts against the Tide of Oppression known as Lib-Repeaters.

Anonymous said...

Seeing the pictures of the bloody hand prints left by our diplomatic staff as they were dragged to their deaths brings one word to mind: lynching.

They were lynch by a mob because they were American and Obama, our State Department and the media continue to apologize to the lynchers.

Freddie Sykes

Ralph Gizzip said...

"halve" your profits, or "have" your profits?

Sir H the Comet

No, he got it right. Obama's plan is to "have" your profits.

Steve in Greensboro said...

Lady in the foreground's got a little bitty skull with a big, giant mouth, wide open. Probably a typical Obama voter.

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