Many people are angry that their full-time (30-40 hour per week) jobs are cutting back on their hours in order to avoid paying medical expenses. Now, of course it is true that these companies will be expected to take a loss as far as yearly profits go. However, isn't having healthy employees a benefit as well? To companies that make 10's of millions of dollars per year (or more, some are in the 9+ figures), is it really all that much to ask for them to provide health insurance for employees and their families? They're not being asked to pay for full coverage, but a percentage. Many of these companies pay a mere minimum wage to their employees, which is hardly enough for any single person to live on.
One example, Papa John's is cutting hours for employees. They estimated it would cost them between $5-8 million per year for health insurance. Sounds like an awful lot, doesn't it? These are the figures these companies want us to look at. What they're not pointing out is that Papa John's made $61.66 million dollars in profits last year. So, sure, it seems like a lot of money, but is it really?
In 2011, Papa John's gave away 2 million pizzas during the Super Bowl. An estimated average of $14 million dollars. So, they can give away pizzas, but not health insurance to their hard working employees?
Should a multi-million dollar business like Dunkin Donuts be able to expect that a shift manager working 40+ hours per week can now live off of a 28 hour per week paycheck without taking on a second job?
Is it really the system that's flawed or those that abuse it?
Horrifying to think some big shot C.E.O. won't be able to buy that $4 million dollar vacation home, but rather pay for health care for his/her employees.