Because restaurants typically operate on razor-thin margins, President Obama’s signature health-care reform law has largely been criticized by the industry for imposing onerous new costs that will potentially wipe out whatever profits they make.
Under the Affordable Care Act, companies with 50 or more employees have to provide them health insurance if they work 30 hours or more, or else face a $2,000-per-employee penalty. That led many restaurant operators, such as the CEO of Olive Garden and Red Lobster parent Darden Restaurant’s, to say worker hours would have be cut to avoid paying for expensive health-insurance premiums.
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{Matzav.com Newscenter}
