It’s very simple: Obamacare is going to massively increase the cost of company-provided insurance at the end of this year (we are hearing 25-50% in many cases). NOT insuring employees will result in ever-increasing fines…EXCEPT in the case of part-time workers. A perfectly predictable result is occurring: full-time employment will evaporate from many businesses and entire fields:
The colleges are announcing it (making it REALLY hard to blame ‘evil’ corporations.)
UPDATE: Another impact: employers are no longer covering spouses, since such now-more-expensive coverage is optional (but covering children up to 26 is not).
And now some of the young people who VOTED for Obama are realizing the impending disaster for them, especially with The Obamable economy collapse continuing with the actual SHRINKAGE of GDP last quarter.
OK, America; you bought into all of this last November. The lessons of why that was a BAD idea will continue and become the most expensive education of America it has ever purchased outside that learned in actual blood.
UPDATE: Soon you’ll be able to add a number of bakers and deli workers from grocery stores to the unemployed lines. Many will not be able to stay open with the new labeling requirements that Obamacare puts on as a ‘Oh, by the way…’
UPDATE: One of the few ways employers might keep full-time employees is to self-insure (with ‘stop loss’ insurance to cover catastrophes) because the absolute nightmare Obamacare is makes the traditional approach untenable. This takes the money for this COMPLETELY out of government hands, which is the opposite of Obamacare’s intent, and will add to many other factors to guarantee nearly instantaneous insolvency of the program..