Tag Archives: health care reform

McDonald’s Franchisee: ‘Obamacare Will Negatively Hit Us Like Nothing Else’

Previously McDonalds Corp said that they expect Obamacare to cost $30,000 per store per year.

Huffington Post:

Here’s one thing you likely won’t find a McDonald’s franchise owner happy to ask his employees anytime soon: “Would you like a side of health care with that shake?”

That’s because some of the fast food chain’s franchisees say that the costs associated with President Obama’s health care reform law will cut deep into profits, according to a recent survey of 25 McDonald’s owners conducted by Janney Capital Markets obtained by The Huffington Post.

One franchisee even went so far as to say, “Obamacare will negatively hit us like nothing else,” according to the survey.

Some franchisees said they’re suffering from McDonald’s overemphasis on discount deals. Others claimed the chain’s new product, the McWrap, isn’t a sure bet. McDonald’s has seen slumping sales since last summer and Obamacare, some franchise owners say, is only going to make things worse.

“Obamacare is going to destroy already low profits, [and] McDonald‟s Corporation does not seem to care,” adding, “the future looks BLEAK.”

Survey: Health Care Reform Driving Up Health Plan Costs for Employers

Of course, this very writer was predicting this from mid 2009 and onward (2as ObamaCare is phased in more and more people and businesses are seeing the results. So much for Obama’s promise that ObamaCare would save you $2,500 a year.

Business Wire:

NEW YORK–(BUSINESS WIRE)–Compliance with health care reform is already driving up costs for some employers’ group health plans, and a majority of employers expect price increases to be passed on to employees, according to a health care reform survey released today by the Willis Human Capital Practice, a unit of Willis Group Holdings (nyse:WSH), the global insurance broker.

“The survey suggests employers realize that costs of providing medical benefits will increase and that they will likely have to pass those costs on to their employees.”

This is what will hurt you most:

Employers expect that similar employers will pass increased costs on to employees: More than half of the responding employers felt that other, similar employers would pass more of the cost for dependent coverage on to their employees. One-third of respondents thought other, similar employers would reduce coverage to the lowest-cost package to avoid the “pay-or-play” penalty, and a majority of employers also thought that wellness programs would be expanded in scope. Finally, nearly two-thirds of the employers expected that employee contributions would be increased.

You read that correctly, the result will be increased costs to you AND reduced coverage.

20 Percent of ObamaCare Waivers in Nancy Pelosi’s District…

And most of the rest went to labor unions…

Daily Caller:

Labor unions continued to receive the overwhelming majority of waivers from the president’s health care reform law since the Obama administration tightened application rules last summer.

Documents released in a classic Friday afternoon news dump show that labor unions representing 543,812 workers received waivers from President Barack Obama‘s signature legislation since June 17, 2011.

By contrast, private employers with a total of 69,813 employees, many of whom work for small businesses, were granted waivers.

The Department of Health and Human Services revised the rules governing applications for health reform waivers June 17, 2011, amid a steady stream of controversial news reports, including The Daily Caller’s story that nearly 20 percent of last May’s waivers went to businesses in House Minority Leader Nancy Pelosi’s district in California.
Read more: http://dailycaller.com/2012/01/06/labor-unions-primary-recipients-of-obamacare-waivers/#ixzz1ivgoOuEQ