Regal Entertainment Group suffered an undeserved PR black eye last month after news surfaced that it cut some of its non-salaried employees' hours to skirt Obamacare.
It was only the latest company to do the same, moving to shore up bottom lines — and at least save jobs, rather than eliminate them entirely — instead of extending health insurance to workers who put in more than 30 hours a week.
Along these lines, Papa John's CEO John H. Schnatter said some of his franchisees are expected to reduce their employees' hours to avoid providing coverage. Also, in Florida, a Denny's franchise owner said he planned to raise prices 5 percent as a "surcharge" to offset the costs of coverage.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.