Texas Restaurant Closes, and the Owner Is Blaming Obamacare
6th December 2016
The employer mandate of the Affordable Care Act requires businesses with more than 50 full-time employees must provide health care for at least 95 percent of the employees and dependents up to age 26, or pay a fee.
Katz told the Fort Worth Star-Telegram that that between his two restaurants in Fort Worth and Dallas, he has more than 50 employees. Because he doesn’t provide health care to his staff, starting Jan. 1, he will face a penalty between $200,000 and $300,000.
“I don’t have that kind of money,” Katz told the Star-Telegram. “Instead of 50 or 60 people without healthcare, we have 50 or 60 people that aren’t employed anymore. It makes no sense.”