Womack estimates the cost of the law to his company will be 50 percent greater than his company’s earnings — in other words, beyond his ability to pay.
That’s not because his company of 12 IHOP restaurants in Indiana and Ohio is unprofitable. Quite the opposite, in fact. By industry standards, he’s doing well. But labor-intensive restaurants generate profits of just 5 percent to 7 percent per employee.
With fears about how he’ll afford to provide health insurance with those low profit margins, Womack is worried about his expansion plans in Ohio. He can’t exactly cancel his development agreement. But he’ll only be able to fund his new restaurants — and the construction, real estate and manufacturing jobs that would go along with them — if Obamacare is repealed.
Starbucks CEO: On second thought, ObamaCare doesn’t look so good
Now far-left Weiner wants a heathcare waiver from Obama for New York!
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As Gingrich slams Republican Representative Paul Ryan's reform for Medicare as radical, the plan designed to fight Obamacare, Gingrich supports Obama to force all Americans to pay for health insurance.
"Gingrich has instead called for a system that would preserve the current Medicare program alongside a voluntary, privatized version. But nothing he has said came close to the blast he unleashed on his own party's top priority in Congress." - NewsMax
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