Restaurant Industry Already Preparing for Obamacare Consequences
"Will the restaurant business survive a second Obama term? Can it? Since the president’s reelection earlier this month, four large restaurant chains,Papa Johns, Applebee’s, Denny’s andDarden Restaurants (the company that owns the Olive Garden, Red Lobster, and LongHorn Steakhouse chains) have all recently released statements about their companies’ plans to respond to the increased costs of complying with Obamacare regulations. According to the healthcare law, every full-time employee must be provided with comprehensive medical coverage if the company employs more than 50 full-time workers. If a company refuses to comply, they will be faced with fines of $2,000 per year, per employee, as of January 1, 2014."
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