Regal Cinemas Becomes Latest Business to Cut Hours Over ObamaCare
Another business has been forced to take measures to deal with increased healthcare costs that are a direct result of ObamaCare. In what has become an all too familiar story, Regal Entertainment Group, the country’s largest theater chain, has resorted to cutting hours to keep workers under 30 hours per week:
Regal Entertainment Group, which operates more than 500 theaters in 38 states, last month rolled back shifts for non-salaried workers to 30 hours per week, putting them under the threshold at which employers are required to provide health insurance. The Nashville-based company said in a letter to managers that the move was a direct result of ObamaCare.
“In addition, some managers have requested guidance on what they should tell those employees negatively impacted and, at your discretion, we suggest the following,” read the memo obtained by FoxNews.com. “To comply with the Affordable Care Act, Regal had to increase our health care budget to cover those newly deemed eligible based on the law’s definition of a full-time employee.”
“To manage this budget, all other employees will be scheduled in accord with business needs and in a manner that will not negatively impact our health care budget,” the message continues.
Because ObamaCare defines a full-time employee as someone who works 30 hours a week, many businesses — from restaurants to retailers to theme parks, and even the state government of Virginia — have taken similar measures to avoid these new costs.
Supporters of ObamaCare may not like this, but businesses are going to do what they can to keep their bottomline. If the cost of doing business goes up, only workers and consumers are going to be impacted, by either reduced hours and/or lost jobs or by increased prices to at the point of sale — or a mixture of those remedies.
That’s how business works, and no regulatory scheme can prevent that.