How's That Obamacare Waiver Workin' Out for Ya?
Darden Restaurants, the Florida-based parent company of Olive Garden, LongHorn Steakhouse, Red Lobster and other chains, was a member of the Obamacare waiver early bird special. Their get-out-of-Obamacare card helped spare the company's health insurance benefits for nearly 34,000 employees. Breathing a sigh of relief that it would allow chains to continue offering all employees access to affordable health insurance, Darden said in a statement in the fall of 2010 that "the waiver allows us to continue to do that as the various phases of the health care law are implemented."
In fact, a survey of members of the Chain Restaurant Compensation Association (CRCA) conducted last year by Hay Group reported that a whopping 77 percent of "quick serve" restaurant operators said they were considering reducing employee hours to change their status from full-time to part-time.
Congratulations America! This is what you voted for. More unemployment, less prosperity. But hey, at least it's FAIR! Right?!?!