The nation’s largest movie theater chain has cut the hours of thousands of employees, saying in a company memo that ObamaCare requirements are to blame.
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...
“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.”
Adding insult to injury, the loathsome hack Max Baucus (D-MT) -- one of the architects of Obamacare -- is now warning that history's largest entitlement program is, and I quote, "a train-wreck."
Sen. Max Baucus (D-Mont.) said Wednesday he fears a "train wreck" as the Obama administration implements its signature healthcare law.
Baucus, the chairman of the chamber's powerful Finance Committee and a key architect of the healthcare reform law, said he fears people do not understand how the law will work... "I just see a huge train wreck coming down," he told Health and Human Services Secretary Kathleen Sebelius at a Wednesday hearing. "You and I have discussed this many times, and I don't see any results yet...
"I'm very concerned that not enough is being done so far — very concerned... Small businesses have no idea what to do, what to expect," Baucus said.
You mean tens of thousands of pages of legislation and regulations -- that no one read before voting on -- is turning out to be a disaster?
Joey, have you ever been in a Turkish prison?
Hat tip: BadBlue News.