Tuesday, March 12, 2013

Top 10 Organizations Slashing Workers And Hours Thanks to Obamacare

Those greedy capitalists! The nerve of them trying to survive a brutal economy and a one-size-fits-all, government-mandated health insurance program!

As employers and businesses prepare for Obamacare’s sweeping changes and mandates to begin in 2014, many are already laying off some of their employees... Here are [just] 10 examples of job loss due in whole or part to Obamacare and its consequences:

Medical Device Tax

  1. 1,000 jobs lost:Stryker Corporation Confirms Obamacare Layoffs.”
  2. 275 jobs lost:Medical Device Tax Blamed for Welch Allyn Layoffs.”
  3. 100 jobs lost:Latest Obamacare Casualty: 100 Workers at Smith and Nephew.”

The 2.3 percent excise tax on the sale of medical devices, one of the 18 tax hikes in Obamacare, is estimated to cost the industry over $29 billion between 2013 and 2022. Many employers in the industry are compensating for the tax hike by reducing their labor costs.

Medicare Payment Cuts

  1. 950 jobs lost:Wake Forest Baptist Medical Center Reengineers Cost Structure, Eliminate Positions.”
  2. Up to 400 jobs lost:Orlando Health to Cut Record Number of Jobs to Save Money.”
  3. 52 Jobs lost:Delaware Hospice Lays Off 52 Workers amid Federal Changes.”
  4. 58 jobs lost:Hospital Layoffs and the Affordable Hea[l]th Care Act.”

Obamacare reduces Medicare spending by $716 billion from 2013 to 2022, with a majority of the payment reductions hitting Medicare Part A providers, which includes hospitals, hospices, skilled nursing facilities, and nursing homes. As these providers are trying to do more with less federal reimbursement, they are laying off their employees to cut down costs.

If Obamacare’s rates remain law, the Medicare trustees predict, “the lower Medicare payment rates would result in negative total facility margins for an estimated 15 percent of hospitals, skilled nursing facilities, and home health agencies by 2019, and this percentage would reach roughly 25 percent in 2030 and 40 percent by 2050.” The payment cuts are simply not sustainable.

Employer Mandate

  1. At least 7,386 full-time jobs turned part-time:State Grapples with Insurance Rules for Part-Time Workers.”
  2. 400 full-time jobs turned part-time:Health Care Law Brings Double Dose of Trouble for CCAC Part-Time Profs.”
  3. 300 full-time jobs turned part-time:Wendy’s Franchisee Slashes Employee Hours to Sidestep Obamacare.”

Obamacare’s employer mandate forces all employers with more than 50 full-time employees, defined as those who work at least 30 hours per week, to provide health insurance for employees or pay a $2,000 penalty for each employee after the first 30 workers. This creates an incentive for businesses to avoid both the penalty and cost of coverage by hiring part-time employees instead of full-time employees... This affects a wide range of American workers, from restaurant employees and college adjunct professors to state government workers

Remember: the real Obamacare regulations don't kick in until 2014.

We have not yet begun to suffer under this Soviet-style, authoritarian, and unconstitutional system of managing 16 percent of the entire U.S. economy.


Anonymous said...

HA! I see the Stryker Corp is on the shitty end of some ObamaCare news. Pat Stryker is one of the "Gang of Four" that have helped turned CO from a solid conservative state into a purple state and well on it's way to becoming another bluestateshithole.

But guess what? Old Pat didn't start that company, it was handed to her by her father. I'm sure the loss of a few 1,000 jobs(cya pee-ons) or a couple hundred million in profits matters not a whit to a REgressive like her.

Disgusting-old Homer Stryker should have gone public and kept it out of the hands of Marxist underlings-surely he had a clue.

Too late now.

Anonymous said...

ObamaCare? Sorry, I was too busy worrying about ATMs and self-serve kiosks:

"There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."
- Barack Obama, June 14, 2011