So, with Obamacare coming in, some US companies are cutting working hours.
With Medicaid eligibility about to be expanded in some 30 states, as a result of the Affordable Care Act, Wal-Mart has responded by cutting employee hours—and thereby wages—even further in order to push more of their workers into state Medicaid programs and increase Wal-Mart profits. Good news for Wal-Mart shareholders and senior management earning the big bucks—not so good for the taxpayers who will now be expected to contribute even larger amounts of money to subsidize Wal-Mart’s burgeoning profits.
Because you pay a fine if your full time (over 30 hours I think it is) employees don\’t have health insurance. So, make everyone a part time worker. Perhapos it\’s not very nice but it was forseeable but they wronte the law this way anyway.
The solution is?
Legislation is now making its way through the California legislature—with the support of consumer groups, unions and, interestingly, physicians—that would levy a fine of up to $6,000 on employers like Wal-Mart for every full-time employee that ends up on the state’s Medi-Cal program—the California incarnation of Medicaid.
The supposed problem is that people are being offered part time work: how does anything at all about full timers change that?