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Tommy_Carcetti

(43,166 posts)
Thu Mar 28, 2013, 01:54 PM Mar 2013

So yeah, um, about that whole "Obamacare will bankrupt us" thing....

http://finance.yahoo.com/news/restaurant-chains-cut-estimates-health-235200077.html

Restaurant Chains Cut Estimates for Health-Law Costs
By Scott Thurm | The Wall Street Journal – 17 hours ago

Restaurant owners have been fierce critics of the health-care overhaul law, fearing that its mandate for employers to offer insurance more broadly will drive up costs and deter hiring.

Now, some operators say the law may not be that costly after all. They say many employees won't qualify for coverage, and many of those who do qualify will decline company-offered insurance.

Wendy's Co. (WEN) initially estimated the health-care law would increase the cost of operating each of its 5,800 U.S. restaurants by $25,000 a year. But Chief Financial Officer Steve Hare told an investment conference on March 14 that executives have cut the estimate by 80%, to $5,000 a year, primarily because they expect many employees to decline the insurance offering.

"It is still going to be an additional cost that both the company and our franchisees will have to absorb, but we think it is going to be manageable," Mr. Hare said. A Wendy's spokesman said the company continues to refine its cost estimates and it would be "premature" to discuss them further
_________________________________________________________

Coming soon to your neighborhood Wendy's:


Chicken Little Nuggets
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So yeah, um, about that whole "Obamacare will bankrupt us" thing.... (Original Post) Tommy_Carcetti Mar 2013 OP
Aren't they usually the ones who keep telling us zbdent Mar 2013 #1

zbdent

(35,392 posts)
1. Aren't they usually the ones who keep telling us
Thu Mar 28, 2013, 01:57 PM
Mar 2013

that they're hiring the kids for these jobs, who usually are on their parents' insurance plans?

Or some of the over-65s, or part-time workers who are on other spouse's coverage?

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