Many restaurant owners aren't sure how they will afford Obamacare, KSAT in San Antonio reports, and one restaurateur with 1,100 employees fears he will face costs of $1 million to insure them:
Jim Hasslocher estimates between 300 and 400 of his employees who previously declined the health insurance his company offered will sign on. And that will come with a cost to his business that pays a portion of the cost for the employee.
"We're hopeful that it's not that high, but we're looking at somewhere around $1 million," he said:
That's a guess. Hasslocher won't know until September or October how much his carrier's plan will cost. He's fearing sticker shock.
"That money is going to have to come from somewhere," he said.
Options for him and other owners include cutting operational costs, raising menu prices and, as many others have already done, moving full-time workers to part-time status.
[H/T Weekly Standard]
