This is not news to those of us who followed the health care debate. But, if you’re still a little fuzzy on how “reform” hurts low-income workers, John Goodman does a good job of laying out the ugly facts of life in the brave new world of ObamaCare:
In short, ObamaCare makes it much more expensive for employers like McDonald’s to hire and retain workers. In fact, it effectively adds $6 per hour to the cost. The only way they will be able to stay afloat is to stop offering health coverage to their employees.
That means these low-income workers will be forced into the new taxpayer-subsidized exchanges. In other words, the effect of ObamaCare will be to force workers into low-quality insurance plans subsidized by YOU instead of McDonald’s.
Even if they opt to save the $6 per hour per employee, McDonald’s and many other employers will still have to pay a fine–up to $2,000 per uncovered worker. So, their cost per employee goes up no matter what they do. That means they hire fewer workers.
So, ObamaCare is lose-lose-lose proposition. Way to go, Mr. President.
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