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The unintended consequences of ObamaCare

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    Impact of health care law on workers

  • Duration 2:44
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If you -- in the retail or fast food industry or for municipal government or -- charity.

You may already be feeling the effects of the president's Health Care Reform law tonight chief national correspondent Jim Angle on the unintended consequences.

That are very real.

Small business account for some two thirds of all new job but that may be changing as they assess the burden of obamacare which forces them to provide coverage if they employ more than fifty workers.

And not just any coverage but a one size fits all government designed plan with specified essential benefits.

And that will cost about twice -- much.

It's what many employers currently provide.

On top of that we've seen literally on list a 100% increase in the last decade.

Specifically for small business premiums going up.

So how exactly does this -- address this it doesn't.

One way to avoid the burden of the new laws to keep the work force below fifty employees or limit workers' hours to less than thirty per week which is defined as part time and incentive not to create more jobs in the points and don't hire you don't -- -- get about fifty.

Number two it said don't let them work more wanted to -- part time if at all possible.

And many businesses across the country are doing just that 100 workers at Wendy's outlets -- -- -- Had their hours cut because the employers city couldn't stay in business with the added cost and insurance.

Fifty full time workers at taco bells and Guthrie Oklahoma work cut back to part time.

Some Papa John's pizza stores and they couldn't compete if they had to pay the cost of insurance.

The same story for some subway sandwich shops Carl's junior and hardee's.

Cities to Cedar Falls, Iowa also cut hours saying it couldn't afford health insurance either.

Even nonprofits such as Community Colleges are cutting hours to avoid the cost of insurance for which the government specifies generous benefits.

It will add.

I Don -- 79.

An hour every hour to the cost of hiring a full time worker.

For a small business is even dealing with the regulation about what must be covered and who counts toward the mandate.

He is itself a financial burden.

They're paying about 36% more than their larger counterparts for compliance only Washington could develop -- employer mandate that reduces the likelihood that employers -- offer on the job coverage.

The CEO of -- whole foods is so insist he referred to obamacare as fascism.

Though he later pulled back it's very government control.

And it's becoming more government control -- it's the opposite of free enterprise capital.

Our regional Federal Reserve Bank recently have small businesses what affects their hiring.

And many pointed to the -- under the new health care law as a major impediment.

-- Jim thank you.

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