Economics Magazine

Obamacare Consequences- Businesses, Unions, Colleges Cite Obamacare For Workers' Cut Hours (Video Report)

Posted on the 14 August 2013 by Susanduclos @SusanDuclos
By Susan Duclos
According to the news report below, businesses, unions and colleges are all citing Obamacare as the reason they are being forced to cut workers' hours to 29 hours or less. The White House is denying any systematic evidence, but the employers say different.
Lisa Myers reported on an NBC News, "We spoke to almost 20 small businesses or other entities around the country. Almost all said that because of the new law they’d be cutting back hours for some employees."
NBC “Nightly News” anchor Lester Holt reports, "Some workers who thought it meant they would finally get some health insurance are instead getting hit with a double whammy: no insurance and a pay cut."
Since the passage of the health care law, businesses have said they would implement these cuts and others preemptively did so, many saying the choice was, being forced to close their businesses because they could not afford to provide coverage for all employees working 30 hours or more, or cutting those employees hours in order to stay in business.


Obamacare Consequences- Businesses, Unions, Colleges Cite Obamacare For Workers' Cut Hours (Video Report)


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