|
The International Franchise Association (IFA) released new data showing potential job losses in each state due to the passage of the Affordable Care Act (ACA). According the IFA, 3.2 million full-time franchise jobs could be reduced to part time or eliminated completely as businesses struggle to stay maintain revenues while paying for health care coverage under the new ACA law. Additonally, the ACA is estimated to add more than $6.4 billion in increased costs to franchise businesses, excluding anticipated costs of complying with the new regulations. Topping the list of the most affected states are: 1) California (324,604); 2) Texas (255,104); and 3) Florida (197,561). “The ACA has made health care an inextricable cost of running a small business in America and continues to evolve with regard to its cost and complexity for franchisees and franchisors as the law becomes fully implemented ahead of 2014,” said Judith Thorman, IFA senior vice president of government relations and public policy. The 2011 study was conducted by a nonpartisan Hudson Institute about the impact the employer mandate may have on millions of jobs in the franchising industry in all 50 states. Click here to see the full breakdown of anticipated job losses per state. To coincide with the three year anniversary of the passage of the ACA and the report findings, IFA also announced a new online resource to help educate the franchising community about the law. The new site, www.MakingSenseofHealthCare.org, includes tools and information for employers on the mandate and various other regulatory compliance guidelines. For more info, click here
Related Articles -
nursing, doctor, nurse, healthcare, franchise, business, business news,
|
