by Duane Lester | December 19, 2013 6:11 pm
Whole Foods CEO John Mackey sat down with Fox News’s Stuart Varney and explained the reality of Obamacare – it’s hurting people:
From the Washington Free Beacon:
“It’s raising our costs…We’ll have to cover things that are expensive that we may not want to cover, our team members may not want to have covered,” Mackey said. He explained that that costs will be raised, which could either depress wage increases or the corporation will be forced to pass the cost on to Whole Foods employees.
Obamacare mandates that employers must provide health care coverage for employees working more than 30 hours a week, a requirement that Mackey says is counterintuitive.
“[The mandate] creates the wrong incentives for employers. It creates incentive for fewer full time workers and more part time,” Mackey said. “If all our competitors are going that direction, we’ll probably have that same kind of incentive to do the same.”
Apparently, Whole Foods employees have “substandard” insurance policies.
I don’t believe that.
On last quote from John Mackey that I think you’ll appreciate:
I believe in capitalism.
Now I wish there was a Whole Foods near me.
Hat Tip: Weasel Zippers
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