Fed says Obamacare is costing jobs

[thereisnospoon]

Let's say an entrepreneur after working hard for decades has acquired 10 Papa Johns Pizza franchises in a major metro area. He is well over the 50 employee limit, so now he has to provide health care to his full time employees or be subject to the $2,000 annual penalty per employee.

But a guy across town who is less successful, just got his second Papa Johns franchise. Because he is under the 50 employee limit, he doesn't have to pay health care or the penalty.

How does the big guy compete with the little guy?

He can't. So the larger Papa John's franchisee reduces the hours of all but his management people or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.

 

[realinvestment]

or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.>>>

It might not be that simple. There is a control provision that combines split up entities.

 

[thereisnospoon]

or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.>>>

It might not be that simple. There is a control provision that combines split up entities.

Give me the short version explanation...Thanks.

 

[realinvestment]

or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.>>>

It might not be that simple. There is a control provision that combines split up entities.

Give me the short version explanation...Thanks.

The owner with 10 Papa Johns franchises cannot get around Obamacare by splitting the units up. If he continues to own them, he will be caught with the control group provision. The only solution is to make sure less than 50 employees are full time.

 

[thereisnospoon]

or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.>>>

It might not be that simple. There is a control provision that combines split up entities.

Give me the short version explanation...Thanks.

The owner with 10 Papa Johns franchises cannot get around Obamacare by splitting the units up. If he continues to own them, he will be caught with the control group provision. The only solution is to make sure less than 50 employees are full time.

Can he use "shell" company names?...
Of course the under 50 provision is a sure thing. I believe this is the way most small to medium sized businesses will go.

 

[auditor0007]

Driving the demand for services will drive the supply of personnel.

Win Win, QWB.

It amazes me how when a company produces a product, and that product takes off, the price comes down. The more they produce, the cheaper the price. And the more people who buy the product, the more people the company must hire to produce the additional product.

Basically, everything they are telling us about healthcare is the exact opposite. If more people use the service, then providers will have to lay people off and the cost will increase dramatically. I guess we've had it wrong all along. The real way to grow the economy is to make sure people buy less products and services. That way companies will hire more people and costs will come down.

Someone please slap me or slap the shit out of the idiots who keep coming up with this nonsense.

 

[auditor0007]

Gee, if only someone had pointed this out years ago.

The Affordable Care Act is cited five times in the Federal Reserve's latest Beige Book. One of those citations notes that the law will likely drive up demand for health care services. The other four describe the health care reform as hurting employment and sales.

The notion that Obamacare, as the law is popularly known, would be a jobs killer was widely denied by its supporters. A report from the Annenberg Public Policy Center accused Republican critics of misrepresenting facts when the bill would hurt employment. It citied "non-partisan experts" who said the law would have little or no effect on employment.

When the Congressional Budget Office examined the law's impact on jobs, it saw only mildly negative employment effects arising from early retirement and allowing the poor to work fewer hours to meet their needs. The CBO didn't think that employers would slow down hiring because of the law.

But that's exactly what appears to be happening.

Beige Book Says Obamacare Is Costing Jobs and Sales

This is part of the goal of ACA. The Obama admin is on a mission to create as much dependency on government as possible. The theory is those sucking on the government tit will vote for candidates which keep the tit full of goodies.
Obama's reelection was all about free shit.

If you numbnuts ever wake up, you'll realize that is the biggest fabrication of all and a poor excuse for the poor candidates your party continues to throw out there along with your ass backwards social policies and unrealistic tax policies.

 

[auditor0007]

The report also said that lower government spending was costing jobs.

Yeah. Government jobs. Who cares. Government workers don't produce anything.
Also, contract workers that would not be employed but for their government contract are also losing jobs. Again, so what. If those workers function is non-essential, then their funding is discretionary.
Federal spending and taxation TAKES from the real engine of our economy, the private sector.

Only a fool fails to see how government spending becomes a huge part of private sector spending as that money is pushed right back into the private sector while providing services that benefit everyone. But defense spending, and it hurts the private economy.

 

[realinvestment]

<<<Can he use "shell" company names?...>>>

Eventually the owner'(s) have to file their tax returns. And it is the IRS that enforces Obamacare.

 

[auditor0007]

So what.. instead of spending an hour on-line at the DMV while 12 workers sit on their hands, I'll spend an hour standing on-line at the DMV while 8 workers sit on their hands.

Fuck 'em.

make an appointment.....

If only... the good news is.. the state of LA has subbed some of this out to an insurance company.. they do everything from plates to DL's.. you can be in and out in a fraction of the time... and they don't charge that much more.

Go figure..

The DMV in Colorado was pretty bad. Many times it was a good two hour wait. Here in Ohio, I've never waited more than fifteen minutes.

 

[auditor0007]

Let's say an entrepreneur after working hard for decades has acquired 10 Papa Johns Pizza franchises in a major metro area. He is well over the 50 employee limit, so now he has to provide health care to his full time employees or be subject to the $2,000 annual penalty per employee.

But a guy across town who is less successful, just got his second Papa Johns franchise. Because he is under the 50 employee limit, he doesn't have to pay health care or the penalty.

How does the big guy compete with the little guy?

He can't. So the larger Papa John's franchisee reduces the hours of all but his management people or he sets up separate company names to own the number of franchises that would equal just under 50 employees.
The point is many low margin businesses will find creative ways to get around ACA.

These companies already do this. The only difference is that most use 35 hours as full-time, now it is being considered 30. So some employees may lose five hours per week. If the person is a really good employee and there for a long stretch, management will most likely make sure they get their full-time hours so they can get the health insurance. The smart thing to do would be to make a minor change in the ACA, making the hours worked to be eligible go from 30 to 35.

We will find out how well or poorly the ACA works very soon. Changes can and will be made.

 

[thereisnospoon]

Driving the demand for services will drive the supply of personnel.

Win Win, QWB.

It amazes me how when a company produces a product, and that product takes off, the price comes down. The more they produce, the cheaper the price. And the more people who buy the product, the more people the company must hire to produce the additional product.

Basically, everything they are telling us about healthcare is the exact opposite. If more people use the service, then providers will have to lay people off and the cost will increase dramatically. I guess we've had it wrong all along. The real way to grow the economy is to make sure people buy less products and services. That way companies will hire more people and costs will come down.

Someone please slap me or slap the shit out of the idiots who keep coming up with this nonsense.

In a perfect world, you'd be correct. However, the medical industry is perhaps the most heavily regulated in the US. There are mountains of government mandates. There are the costs of malpractice insurance. The costs of seemingly endless litigation. The disappearance of certain specialty providers, such as Obstetricians from certain states because of the high cost of malpractice and the ease in which doctors can be hauled into court. Federal regulation which in theory are supposed to protect us from potentially dangerous medicines actually drive the cost of research and development over the moon.
The FDA takes it's sweet time approving drugs. The Pharma Lobby is to blame as well. They deliberately hold up the wheels of progress. Then there are Lobbyists that represent the hospitals. They will plead to Congress to make laws banning or restricting preventative medicine and equipment because the profit margin on treatment is much higher than prevention.
Then there are the piles of state regulations. Here in NC the State govt heavily restricts the number of medical facilities as well as the location of same.
There is a movement afoot to change State law which severely limits the number of same day surgery centers run by doctors. These centers are comparatively low cost facilities. Of course the very powerful Hospital Lobby here in NC is resisting any change in the law.
The best part.....The law was passed with the idea the fewer medical facilities would LOWER costs. Now that is hilarious. In a sad way.
This is just one example of how government interference in the medical field prevents competition which drives up costs.
Here's the worst part. ACA stops none of this. In fact ACA shackles medicine with more regulations and more costs. It's crazy.

 

[thereisnospoon]

Gee, if only someone had pointed this out years ago.



Beige Book Says Obamacare Is Costing Jobs and Sales

This is part of the goal of ACA. The Obama admin is on a mission to create as much dependency on government as possible. The theory is those sucking on the government tit will vote for candidates which keep the tit full of goodies.
Obama's reelection was all about free shit.

If you numbnuts ever wake up, you'll realize that is the biggest fabrication of all and a poor excuse for the poor candidates your party continues to throw out there along with your ass backwards social policies and unrealistic tax policies.

Please. All fingers point to this.
ACA is nothing but politics.