Employers reducing hours to avoid ObamaCare mandates
Oh look, ObamaCare is having an effect on jobs in the United States as more employers are shifting workers to part-time roles to avoid the mandates that come with the law. The Wall Street Journal reports:
Some low-wage employers are moving toward hiring part-time workers instead of full-time ones to mitigate the health-care overhaul’s requirement that large companies provide health insurance for full-time workers or pay a fee.
Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker.
The shift is one of the first significant steps by employers to avoid requirements under the health-care law, and whether the trend continues hinges on Tuesday’s election results. Republican presidential nominee Mitt Romney has pledged to overturn the Affordable Care Act, although he would face obstacles doing so.
This is moot after last night. ObamaCare will not be repealed and more employers will begin to look at ways around the mandates, either by dropping coverage, choosing instead to accept the cheaper penalities, or reducing hours.