Also in this playlist...
This transcript is automatically generated
So restaurant the cutting hours big time and other businesses are -- Because once a health -- aloft fully -- -- employers will have to cover people working at least thirty hours a week so more companies are resorting to a part time workers.
To our business owner who scrambling.
A little off.
-- we go Leo it's famous for getting in president Obama's face during a health care event just a couple years ago.
So patty that was a couple years ago you said something was wrong.
And now we're beginning to really see it come home -- audience what so devastating about this.
Well think about it it is you know they want people to have insurance and -- -- individual mandate but they're trying to balance it on the backs of small business.
And if you look at somebody like the restaurant industry and they had to -- just waste your thin margins they afford to absorb this.
Some attempts to what she thinks they they're gonna have to cut their hours -- and make them part time.
Don't see that help when the economy.
Or -- gonna have to pay the 2000 dollar fine which is a lot less than what we're paying now for insurance so this really bad unintended consequence.
Yeah or you know -- -- to be a little bit cynical some may say it was an intended consequence because see your point.
-- small business and it's gonna cost me twelve grant insurer worker or to -- a 2000 dollar finds less tax.
Well guess what what I might pick and -- just so maybe maybe all along this is the idea the sort of unsure all these people under the government's wing.
And I think that's exactly what they want they want a -- to a single -- system and this is the way to do it because it's simple economics.
And it what happens says more and more it's harder and harder to be in business between regulations.
What's gonna happen and -- fourteen everything else.
It is just making an impossible for small business owners -- to be profitable I don't understand why there is nobody -- Washington.
Who who has ever signed the front of a paycheck and who doesn't understand.
That that you just can't keep absorbing these costs.
You know patty when this thing was being sold we were told about all the economic benefits after it was passed more more we're bring -- listen.
It's not about dollars and cents is about.
Insuring Americans that's the bottom line it doesn't matter who cost a word of cost come from baseboard.
We should have we should have anyone in this country going without insurance what do you say to people who look at it from that point of view.
I think you know that's what would look at what -- saying that you have the right to insurance.
And then you look at some people who make a decision not to be insured you know appeared.
Twenty years old and you are healthy and you make -- a decision.
Not to have insurance that's a decision you -- take.
But you know what that's your decision or not the -- telling you what I can't think for myself I have to have the government think for me -- and oh by the way I don't have to pay for.
I -- -- get the small business owner to pay for the united sentencing set out when I started out on Wall Street as a broker I opted for one year.
Not to take any health insurance I was nervous my daughter was one years all but.
You know what that extra 300 bucks a month came in handy while I started to build my business they're so I kind of semi coming from let's talk about -- thirty -- mandate because.
I don't think a lot of people still get that the government has now established -- thirty hours its full time employment.
Consequently what they're actually going -- supposes.
A lot of people watching -- shown a lot of people were just at the lower rungs of the economic system.
Are gonna end up working for taking its 45% haircut because they're gonna go from forty hours to -- -- -- nine hours.
Of course they are and then whats gonna -- at guess what I predict will happen is.
And that those people have to take -- jobs.
So they'll work say 25 hours here in the work another fifteen to twenty hours at a different place they still don't get health insurance.
But they'll have to work harder for less money where it -- if if they did if this -- hadn't gone to effect they could've kept their their full time status.
And you know well this is gonna hurt the worst -- be minorities it's just not right.
Now I gotta tell -- it seems like to your earlier point the unintended consequences always seem to hurt the people who can afford it the least patty thanks -- -- we appreciate it.
-- -- -- --
Filter by section