“If the health care reform law is not repealed or employer mandate does not go away, we’re going to have to take drastic action,” said Scott Womack, who owns 12 IHOP restaurants in Indiana and Ohio.
Womack employs nearly 1,000 full- and part-time employees and provides health insurance to his managing staff. Obamacare will force him to provide insurance to all full-time employees. He said that the typical profit per employee is $3,000, but the Obamacare mandate will actually cost his company anywhere from $7,000 to $10,000 per employee.
“I really believe that you can’t put a mandate on business like this unless you know that an industry can actually pay for it, and without a doubt this industry cannot pay what is required here, not even the penalties,” Womack said.
He said that without the repeal, “everything goes on the chopping block,” and that includes jobs.
For more on how Obamacare is hurting business owners and workers, watch the video.