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Apple Metro CEO Zane Tankel breaks down how the president’s health-care bill will prevent him from hiring more workers.
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Halftime and even with the health -- law.
Workers are about to get -- fully throttled.
Businesses can expect the cost of health care benefits to jump another 7%.
Next year.
And what are they are going to fight back those costs -- they're asking employees to pay more premiums.
Apple metro chairman -- ten Cole says that this is just one way president Obama's health -- -- all the sporting employers like him.
It affects welcome to this type of thing now without saying you do a lot of business in New York Manhattan so in elements.
Relatively rich compared to rest of the country certain and leaving you are saying that this new healthcare bill's gonna hurt you and hourly employees who just.
Piling not you know -- just piling on that.
A member -- I was in their -- business years ago in the union used to take the position you can afford that you can afford it you can afford to closed.
And then you couldn't afford it.
And the same kind of principle applies here I mean -- as businesses in general -- small business.
You looked at you you're just getting asked to pile on more and more and more.
You know so funny because.
When you were saying that I read a piece today that that actually argued that -- this 7% number came from money a survey of 82 very large corporations.
And there was one outlet a liberal outlet that -- hate.
See the Obama thing is working because the year before 8% -- and so -- you so but at the end of the date.
When the survey was taken you know they the organization that took that they -- this unsustainable you can't grow an economy.
-- one and a half percent in health care costs at 7% something's gotta give.
It absolutely right and you and you can't just throw money at a problem.
Any problem I don't care what it is seen earlier at -- craps table and you just keep on spending more money you'll just lose more money we just can't keep dealing with pieces of a problem health -- is a problem health -- probably does need reform in all due respect but I think there's a whole.
For example I've read recently there will be 50000 doctors short right.
Who's gonna who's -- his service and there's a lot of parts of this and I want that money in dealing with it whatever is pandering to the public in piecemeal sections instead of the macro what did -- -- it sort of -- -- that even after the Supreme Court decision businesses large and small aren't still sure how to gonna -- not at all we we don't have a -- we have approximately 3000.
Plus people and we're we're really not sure how -- it has to come from one of two -- three things you have to either cut back your people.
You have to ideally get more efficient but if you're running as efficiently as you can and that's fine.
You have to take it from management salaries or someplace else.
But you death aura let's be honest do you gotta raise prices -- -- you don't wanna sit down on -- -- -- -- -- a -- -- -- -- not gonna -- I'll -- not -- real quickly.
No you can't because since -- -- can't pass it on exactly in our space and nickel more nickel less we raise the price -- nickel everyone's aware of that -- can't -- -- -- not at all -- not -- -- -- it it just doesn't -- itself so.
Here here's a thing though.
I was suspected according to this survey lot of people just lot of business owners are gonna just push people want to these exchanges.
And let the tax -- somehow Medicare whatever it takes that what someone else handle it but.
Now we're talking about their relationship on might have have an existing doctor that's out the window now we're talking about taxpayers -- these cash strapped states may be having a simple to the plate.
-- there's no elegant solution to this.
So so what exactly is it you know does -- -- of all happen haphazardly -- what happens happens.
If we continue direction we're going yet said that that answer is clear there's clearly a vacuum of leadership.
In my humble opinion at the top and somebody needs to look at them at the macro.
And deal with this overall it's all one economy per say before I let you go do you should go part of the -- -- solution ultimately is that we have to do this is smaller steps.
In other words sort of ramming it all down over to a three year period.
You know pick up thirty million people in just dumping them on the health care system that.
Absolutely I'll tell you how we put new initiatives in in our company you have to first prepare the population for -- You first have to talk did you first have to get a lot of input on it doesn't -- nothing go works from the top down.
It has -- it has to be sold it them at the macro level.
And then you find out the pieces that seemed to work in the pieces that don't -- nor have we -- some common ground the president believes a lot of things don't work from the top down either with -- I think they thought is somewhat appreciate and we've.
