Tuesday, October 09, 2012

The ObamaTax vs The Economy

A year and a half ago, we noted that the ObamaTax specifically encouraged employers to find ways to discontinue (or avoid offering) group health insurance plans. At the time, we predicted a "preference cascade" among employers; that is, once one large company started down that road, others would soon follow.

Are we beginning to see this in action?

You tell me:

"Orlando-based Darden Restaurants has stopped offering full-time schedules to many hourly workers in at least a few Olive Gardens, Red Lobsters and LongHorn Steakhouses ... one of the many things we are evaluating to help us address the cost implications health care reform will have on our business."

The company is quick to point out that there's been "no decision made about expanding" the program, but really, what else can they say at this point?

Something about unringing a bell?
blog comments powered by Disqus