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-- that the Obama administration is delaying the implementation of the affordable care ex employer mandate for one year until 2015 now what this means very simply.
Is it even if employers don't offer health insurance -- what they call minimum essential health coverage.
They're not gonna -- Uncle Sam penalties for another eighteen months what does this mean for business owners joining us now -- tackle.
Apple metro CEO he owns 37 Applebee's -- the New York -- probably like 41 now content that gets here you're growing all the time despite all these cities attempted to make business cost more free.
Are leaving aside political motivations.
Did the Republicans and -- Democrats would regard his decision how is -- gonna affect your business that the way in this mandate.
Now David I'm not sure.
What it means on anything because the whole program hasn't rolled out only as of yesterday.
The government hired it outfit called circle as CR CEO to manage this whole program so they don't have the confidence he's the manage -- themselves.
They've gone outside a British company.
This company has the higher as announced as announced it's going to hire about 15100 people.
To manage this they presently have some relationship where -- government understanding that these applications.
Twelve states they have the.
So -- so the United States is actually hiring sort of like to retire -- and company I resulting from Dave hire hired as Bernie -- 15100 -- not going to be cheap.
But -- heard they're supposed to work with business owners like you had -- been in touch with -- -- -- no no it was only announced yesterday and we hired -- yesterday now they have dire 15100 people how would work so when you say how is it going to impact us we don't know.
Howell hit that wasn't that big hit at all and then the reality is it's all continuing to fold in a pirate guess.
That being in business you can hire fifteen and supposed to be by the way the exchanges they're gonna managing exchanges as well.
They have about half the states is I understand it have exchanges October 1 which -- two months away.
25 states thirty states have to -- we've set up their exchanges so the whole thing is just.
But it's not -- Let's just explain that for folks who -- if if if either an employee can't afford the paper's own insurance were the employer decides he -- -- their free it pays a fine director sent to the exchanges but nobody knows what those exchanges are -- -- the operating center.
Exactly and here's -- here's the best part of that the exchanges were going to be funded with -- -- From the people that didn't -- it and enact their of their health care coverages.
So that's been postponed for eighteen months -- early 2000 -- and that's much less than what the insurance -- -- but that would have covered they think -- -- but now there's only companies no funding bottom line though for your business yeah.
You've got to plan for the future are you gonna be less inclined to hire people full time because this only affects full time it was not part time -- you know.
Their forces of nature they -- beyond we're gonna do what we have to do.
You know training you -- -- -- -- and I had no matter what apparently absolutely this this year we first six months we've opened two restaurants hired about 300 people.
We're we're gonna do what we don't want -- -- your time -- is spent warning about this for planning for the eventuality of about David there's a million things in business today a million head winds so it's one more it does it.
I worry more about the Department of Labor I worry about all -- litigious stuff that's gone about hours and wages and frivolous litigation means and this thing you know the law of the land he was past two years ago I suspect it won't they won't be ready to go for at least another two years.
Bottom line is is that you or not you're only dealing with things day by day which affects your business this is too far out -- affecting you -- -- -- they were delaying this to be on the the election and now I'm politically speculating right.
That they succeeded because it's not gonna affect your your business plans at all now -- -- affect their business.
I I think it's a back guy on the administration frankly that they weren't able to do -- they committed to do.
One more time Zain tackle apple metro CO good to see again thanks very -- of Carol.
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