Obamcare Coming to a KFC Near You!

I think people often forget about the unintended consequences of legislation. With the Supreme Court recent decision about Obamcare many businesses will be faced with higher costs in 2013. One prime example of this is David Barr who owns 23 stores and has 421 employees (109 full-time). Barr pays 81% of the Blue Cross Blue Shield Policy which equals $129,000 per year. Employees only have to pay $995 per year. Under Obamcare Barr will have to provide health insurance to all 109 employees which will cost $444,444 which is a $315,000 increase. Not paying the insurance will result in a $159,000 fine (which is still $29,000 more than he is currently spending).  As a result Barr will have to lay off people or have the people get onto the “public health exchange” and have them pay a fine. Not only will the law affect fast food places it will affect any company who has more than 50 employees. Basically if you have more than 50 employees have to either sponsor a health plan for everyone (even people who sign up for the exchange) or pay a $750 per worker penalty.  Why would any business person want to grow if the cost of an additional worker will increase automatically $750 if they go over 50 workers? I wonder how many businesses will be kept at 48 or 49 employees. There is no such thing as a free lunch.