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A Common Business Fear and How It Affects You

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Hello fellow traveler. Thanks for stopping by!

Last week was a good week. A close friend of mine came into town. Spur-of-the-moment visits from old friends are the best! Conversations are easy and comfortable like my favorite sweatpants and slippers at the end of the day.

My friend is an accomplished single mom and the Chief Financial Officer of a large company. After catching up on our families, the conversation drifted to the economy and the company she works for.

She told me that when Obamacare kicks in next year, they’re regrettably going to have to cut a large number of their staff back to 30 hours per week. The expense will be too great. Unfortunately, very few of their employees will be able to maintain full-time status with full benefits.

This surprised me although I understand their position. The question is: Are there other companies who will do the same?

This is eerily familiar to a conversation I had with another friend who’s a business owner in the town where I live. When I walked into his office the day of our meeting, I immediately noticed how quiet it was. He later told me that he had to cut his staff from 22 down to eight because of the downturn in the economy. Wow! He told me he’s been holding off on rehiring until he knows the full impact of Obamacare.

Unfortunately, this scenario is not uncommon. There’s a very real “fear” among many businesses now. They’re hunkering down.

My husband was once a successful business owner. Truth is, a company has to make a profit in order to pay its bills and employees’ salaries. In recent years we’ve watched an increasing number of businesses move their operations overseas where it’s cheaper to do business . . . salaries are lower, benefits are lower, and most of all – taxes are lower.

Makes me wonder about current philosophies floating around in regard to businesses and government. Are we making it an uphill battle for them? How will things like Obamacare impact them? What will the long-term effect be on our economy? Most importantly – how will the impact on businesses affect you and I? Is there a better healthcare solution out there?

What are your thoughts?

Come back soon! I’ll leave the porch light on for you and the welcome mat out.

Lisa~

2 Comments

  1. gtjack421 says:

    Lisa..
    Thanks for posting this, reflecting what you have heard first hand from ordinary folks who are feeling the impact of Obamacare….before it is even fully implemented. There is much uncertainty among the business owners due to many unknowns regarding future government intervention, taxes and regulations. As far as Obamacare is concerned, you know I left Canada in 1972 because of its effects on health care and the economy. You can Google “Canada Nurse Strike” or “Canada Doctor Strike” and see the links to events going back to 1963 where people could not get health care due mainly to nurses going on strike in various provinces over the years. There is only one medical provider in Canada, the Federal Government, and health care consumes 60 percent of the federal budget, and is fraught with bureaucracy. If you have something life threatening, it is great as you will get immediate service, unless you are retired, and have had a chronic illness. If you are not in a life threatening emergency, be prepared to wait in line for months! Too bad we cant find online how many Canadian residents come to the USA for treatment.

    • Jack – Thanks for reading this post and commenting. I really appreciate your insight as someone who’s been there. Your stories and statistics are frightening to say the least. Based on the fear in the business world today, I find myself wondering how quickly our economy might improve if Obama is not re-elected and Obamacare is repealed in lieu of a better alternative.

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