Restaurant industry applauds delay of Obamacare employer mandate Print
Friday, 05 July 2013 14:21

Pizzamarketplace.com - On Tuesday, the U.S. Department of Treasury announced that the Obama Administration is delaying a provision of the Affordable Care Act that mandates employers with 50-plus employees provide health insurance or pay a penalty. Initially these businesses were expected to start reporting their coverage in 2014. This has been delayed until 2015.

The announcement "bodes well" for the restaurant industry, as it's expected to be hit hard by the legislation because of its high employee-to-sales ratio, according to Seeking Alpha. Many restaurant leaders have vocally opposed the mandate, claiming it will stifle hiring, cause them to raise menu prices or force layoffs/reduced hours. Continue

 


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