Fox News
Expand
Browse All Video
Watch Live

You're watching...

Restaurant cuts hours to avoid ObamaCare costs

Details

  • Description

    John Stossel investigates the negative impact of health care reform law

  • Duration 3:45
  • Date

Clips

Also in this playlist...

The O'Reilly Factor

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- matters segment tonight have you ever eaten at the olive garden with a red lobster or in a long -- steakhouse.

Those restaurant chains are owned by the -- company which is reacting to Obama care in a way that does not favor American workers.

You're not explain at all costs fox business and -- all right so what -- red lobster and olive garden new.

I don't blame -- the law says if you have more than fifty workers full time -- -- in the U they must you must provide this affordable health insurance.

But of course calling it affordable doesn't mean it's affordable to use the employer it's going up all the time so they're saying.

I'll hire part time workers all right so in any restaurant of any size in a mall olive garden -- red -- you have numbers ships they do lunch and dinner.

You probably gonna have more than fifty employees.

Probably may have on -- 180000.

Employees pilgrims had every single restaurant because it.

So it you have a restaurant you have an all going to franchise Orlando Florida okay.

C if you have fifty or more than you have to buy health insurance from the government.

Under obamacare not from the government but you either have to have to go to the government plan -- the government makes you buy private health bar so.

Even the government plan or the private but you're mandated to buy it yet or pay a penalty if if you don't 23000 -- Tokyo.

So in order to go under the fifty.

They're giving people part time which means less than thirty hours a week playing hours of their case and why is that that.

Why it's bad because more people want full time work and this year's people in two.

Shorter time drops all right so so the individual organism make as much money going to be one he -- she wants to.

Then -- -- -- in another part time job someplace else really basically to make up for the shortfall so it makes it hit the whole thing just makes it rougher for the folks there working folks we all government mandates do I know you always come back to that.

But this is actually constraining.

The economic recovery by keeping unemployment artificially high.

And I would say all of them do if you're a company with 49 employees.

Why would you hire fiftieth person you wouldn't you fall under obamacare -- a host of other programs for what you wanna kill it underpaid for the work for ever rights see you can use do your own thing right like -- that you've had.

So when you say this to a liberal person.

They'd just give -- a blank stare in I'm one of those have all but we have to cover these people on these companies they're evil there.

There's so rich they're making so much money you can't force -- -- to cover the people that are uninsured.

If they're on a fifty employees that's the law that was.

Soon they'll change the law that they get virtually employees who knows what they'll do.

It's all this in the public interest and they don't see the consequences.

There always are consequences to any in.

Intrusion or mandate all he -- they do something -- something else is gonna -- Now you see this is a widespread thing -- on an ongoing -- is everywhere aren't sure what other examples the card act everybody was so mad about they're charging higher fees for.

I think a checkered credit cards right we outlawed this week help to -- that it was bipartisan.

The result -- that credit card interest rates went up 2% but don't they have somehow bundles.

On those interest rates Malulani eighteen -- -- like that is usery.

Somebody they went up to fifteen from 13% because the government force those companies to bring your fees down the racing industry and JPMorgan Chase cut off a million customers to -- weren't an issue credit -- Unintended consequences -- -- -- -- -- the wild west guy anybody does anything fastest draw strength.

On the fastest --

Load More