Saturday, July 10, 2010

 

Obamacare Will Cause Pancake Prices to Rise

One of my son and my favorite places to eat is IHOP. Big meals for big guys at a reasonable price, and the food tastes good too. Now I find out our indulgence probably won't be so affordable in the future. Obamacare will drive up the price of pancakes at IHOP.
George Ebinger of New Jersey, who owns several International House of Pancakes restaurants, says the penalties for not insuring his 140 workers will cost roughly half as much as insuring them. He figures he will have to raise prices and possibly lay off workers to come up with the $220,000 he anticipates the penalties will cost.
White Castle will be forced to increase prices and decrease employees also.
White Castle, which currently provides insurance to all of its full-time workers and picks up 70 to 89 percent of their premium costs, believes it will likely end up paying those penalties. The financial hit will make it hard for the company to maintain its 421 restaurants, let alone create new jobs, says company spokesman Jamie Richardson. White Castle employs more than 10,000 people nationwide, and more than 1,200 in Ohio.
"The irony is that in the name of expanding health care coverage, the administration is making it harder than ever for unskilled workers to get started in the workforce," Boehner said in a missive on White Castle's plight.
I'm not much for sliders but White Castles decorate Cincinnati.

Let's all hope there's some change before it's too late.

Via REDSTATE.

Comments:
I'm sure there's more depressing news to come on this.

Related, though not exactly: A dentist friend of mine reports that he will have to buy dental insurance for his children.
 
LOL (Ironic laugh) A dentist having to buy dental insurance for his children, just the kind of efficiency and common sense you expect in government programs.
 
Post a Comment

Subscribe to Post Comments [Atom]



Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]