IHOP Owner Fears Obamacare’s Impact on Jobs and Economy
Tina Korbe /
TERRE HAUTE, Ind. — In 2006, when Indiana small-business owner Scott Womack purchased a development agreement to expand his IHOP franchise into Ohio, he had no idea Congress would pass a massive overhaul of the health care system four years later.
Today, one year after that legislative overhaul became law, Womack is very aware of Obamacare — and of its effects on his plans for growth.
Under the year-old law, Womack must provide health insurance to all full-time employees beginning in 2014. Right now, he employs nearly 1,000 full- and part-time workers and already offers insurance to his management staff. He simply does not know how he’ll generate the revenue to do more.