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| That looks like a European wave |
Here comes the wave update - see link below.
"Is Walmart Cutting Costs With Temp Workers?" -from The Wall Street Journal Cheat Sheet
"Walmart has also begun to change its healthcare plans ahead of Obama’s impending healthcare changes. Soon, part-time workers will need to work a minimum of 30 hours a week rather than 24 hours before qualifying for health insurance (with the healthcare reforms, large companies have to offer 95 percent of employees who work more than 30 hours a week or pay a $2,000 per worker penalty for the entire workforce). For workers with varying work schedules, like Walmart’s temporary workers, companies may elect to monitor eligibility over the course of a year meaning uncertainty over work hours and health coverage." - Thomas Mentel June 16, 2013
Just like the Coast Guard rescue boat that is facing a 20 foot wave in the photo so too will be millions of Americans as the wave of Obamacare is about to come crashing down on them.
I have a friend, a former classmate, who is in a management position for a multinational company that has employees across the United States. I am not fond of the use of anonymous sources, but I am not going to reveal his name or the name of the company.
A few days ago he told me that he was involved in a conference call with other managers and officials from their corporate headquarters. Managers were told to cut employee hours to 30 hours or less per week. The cut in hours comes so that the corporation will only have to provide health care to one or two employees in each local office. Local managers were also told that they were not to use the phrase Obamacare. They were to use the phrase The Affordable American Health Care Act.
To his credit he worried about those employees who were going to lose at least 40 hours or more of pay each month. He understands that the loss of income will mean these employees could lose their homes or apartments, be unable to pay bills, and be at the mercy of IRS enforcers because private health care plans will be unaffordable for part time workers.
This loss of hours for employees will be the new normal all over the United States. Companies across the United States will be slashing hours, or laying off employees just to survive financially.
The second wave that will come crashing down on Americans is that the price of goods and services will rise to cover health care costs. The employee who has had his/her hours slashed, or worse lost their job due to Obamacare will become poorer once again.
This is is the result of we have to pass the bill before we can know what's in in the bill. Thanks Nancy Pelosi, we are all Greeks now.
http://wallstcheatsheet.com/stocks/is-walmart-cutting-costs-with-temp-workers.html/2/
"Is Walmart Cutting Costs With Temp Workers?" -from The Wall Street Journal Cheat Sheet
"Walmart has also begun to change its healthcare plans ahead of Obama’s impending healthcare changes. Soon, part-time workers will need to work a minimum of 30 hours a week rather than 24 hours before qualifying for health insurance (with the healthcare reforms, large companies have to offer 95 percent of employees who work more than 30 hours a week or pay a $2,000 per worker penalty for the entire workforce). For workers with varying work schedules, like Walmart’s temporary workers, companies may elect to monitor eligibility over the course of a year meaning uncertainty over work hours and health coverage." - Thomas Mentel June 16, 2013
Just like the Coast Guard rescue boat that is facing a 20 foot wave in the photo so too will be millions of Americans as the wave of Obamacare is about to come crashing down on them.
I have a friend, a former classmate, who is in a management position for a multinational company that has employees across the United States. I am not fond of the use of anonymous sources, but I am not going to reveal his name or the name of the company.
A few days ago he told me that he was involved in a conference call with other managers and officials from their corporate headquarters. Managers were told to cut employee hours to 30 hours or less per week. The cut in hours comes so that the corporation will only have to provide health care to one or two employees in each local office. Local managers were also told that they were not to use the phrase Obamacare. They were to use the phrase The Affordable American Health Care Act.
To his credit he worried about those employees who were going to lose at least 40 hours or more of pay each month. He understands that the loss of income will mean these employees could lose their homes or apartments, be unable to pay bills, and be at the mercy of IRS enforcers because private health care plans will be unaffordable for part time workers.
This loss of hours for employees will be the new normal all over the United States. Companies across the United States will be slashing hours, or laying off employees just to survive financially.
The second wave that will come crashing down on Americans is that the price of goods and services will rise to cover health care costs. The employee who has had his/her hours slashed, or worse lost their job due to Obamacare will become poorer once again.
This is is the result of we have to pass the bill before we can know what's in in the bill. Thanks Nancy Pelosi, we are all Greeks now.
http://wallstcheatsheet.com/stocks/is-walmart-cutting-costs-with-temp-workers.html/2/
