Saturday, December 31, 2011

Obamacare complaints

Our company, CKE Restaurants Inc., employs about 21,000 people (our franchisees employ 49,000 more) in Carl’s Jr. and Hardee’s restaurants. For months, we have been working with Mercer Health & Benefits LLC, our health-care consultant, to identify Obamacare’s potential financial impact on CKE. Mercer estimated that when the law is fully implemented our health-care costs will increase about $18 million a year. That would put our total health-care costs at $29.8 million, a 150 percent increase from the roughly $12 million we spent last year. Bloomberg

Obamacare, adding costs to the readjustment process, likely adding years to the depression.

2 comments:

Anonymous said...

They made $1.3 BILLION in 2011. They pay their workers min. wage, I think they can afford an additional $18 million for health care. When are we going to hold the corporations responsible for their part in the health care mess??

Anonymous said...

^^^ Yeah, but I'm NOT a corporation, I don't get insurance through my work, and I do NOT have billions in net income. In a single day, my health care premiums more than TRIPLED!!! That takes the "affordable" out of the Affordable Care Act. Shame on the US government to continue to suck the life out of hard working citizens. Welcome to the new world, folks!