Health care law may mean less hiring in 2013

Vel

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Oct 30, 2008
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Nice work liberals. :clap2:
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Health care law may mean less hiring in 2013

Under the Affordable Care Act, businesses that employ at least 50 full-time workers — or the equivalent, including part-time workers — must offer health insurance to staffers who work at least 30 hours a week. Employers that don't provide coverage must pay a $2,000-per-worker penalty, excluding the first 30 employees.

The so-called employer mandate to offer health coverage doesn't take effect until Jan. 1, 2014. But to determine whether employees work enough hours on average to receive benefits, employers must track their schedules for three to 12 months prior to 2014 — meaning many are restructuring payrolls now or will do so early next year.

About a quarter of businesses surveyed by consulting firm Mercer don't offer health coverage to employees who work at least 30 hours a week. Half of them plan to make changes so fewer employees work that many hours

Health care law may mean less hiring in 2013
 
that premiums would skyrocket and companies would not only not hire but lay off workers were expected consequences.
 

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