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On CBS, Cheesecake Factory
CEO Warns ObamaCare Will
Be ´Very Costly´

NewsBusters, by Matthew Balan

Original Article

Posted By:earlybird, 12/4/2012 3:20:49 PM

On Monday´s CBS This Morning, Cheesecake Factory CEO David Overton spotlighted the looming economic impact of Obamacare´s implementation, especially on small enterprises: "For those businesses that don´t cover their employees, they´ll be in for a very expensive situation." Overton also warned that the cost of the law would be passed on to customers. Anchor Norah O´Donnell raised the issue of the still-controversial health care law: "One of the things that´s going to change, of course, in the new year is ObamaCare, or the Affordable Care Act. How do you implement that at Cheesecake Factory, and how will you pay

Comments:
Links to audio and video included along with and transcript.

Balan surprised to see negativity toward Obamacare on CBS.

      


Post Reply  

Reply 1 - Posted by: horacer, 12/4/2012 3:34:25 PM     (No. 9048396)

Oh god I love this:

O´DONNELL: But – but when you say it will be very costly, it will be passed on to who - the customers?

No Norah, the tooth fairy. Private health insurance premiums are going to skyrocket in the next two years. With the cost shifting from all the new Medicaid patients and the community rating used to add people with pre existing conditions I wouldn´t be surprised to see a 20% or higher increase per year.

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Reply 2 - Posted by: woofwoofwoof, 12/4/2012 3:44:08 PM     (No. 9048415)

What a dumb article, nothing said by the guest was critical, and the question by the hostess was just stupid, if revealing.

The headline is idiotic, of course it will be costly to those who offered no such benefit before, doh.


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Reply 3 - Posted by: KTWO, 12/4/2012 4:07:39 PM     (No. 9048464)

It didn´t look ACA negative to me. It looked like understated propaganda. They brought in a business exec who seemed reasonable and thoughtful to tell us there is no problem yet.

Overton played his role smoothly. I won´t be surprised to see him in a Democrat administration in a few years.

He shifted the focus and concerns to his competitors. After all, they aren´t really nice, compassionate, and effective people like the CF management.

.

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Reply 4 - Posted by: MattMusson, 12/4/2012 4:48:04 PM     (No. 9048527)

Service Industries will just reduce EVERYONE´s jobs to 28 hours a week. Period.

The Working Poor are scr#wed.

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Reply 5 - Posted by: trackman999, 12/4/2012 4:57:43 PM     (No. 9048550)

Private medigap insurance for me is going up 30%. Although I will be in the next age catagory the letter from Horizon Blue Cross Blue Shield cited " circumstances beyond our control". That circumstance is obamacare.

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Reply 6 - Posted by: Bobn.T, 12/4/2012 7:29:42 PM     (No. 9048752)

All those Obamatrons who voted for the fool will soon feel the effects of a less-than-forty-hour workweek - resulting in no employer funded health care costs. Suck it up and pay for it yourselves via higher taxes. You asked for it and you got it.

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Reply 7 - Posted by: otronome, 12/4/2012 8:20:39 PM     (No. 9048809)

My interpretaton is that Big Companies will find a way to deal with impact while Small Business will be killed off. Who will get tax breaks, waivers, goverment help? Not the guy starting a business.

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Reply 8 - Posted by: privateer, 12/4/2012 9:03:09 PM     (No. 9048849)

My guess is barry will make a pharoanic edict that healthcare MUST be provided to all workers. Either it will be pro-rated by percentage of 40 hour full-time, or he will go for broke: every employee will receive medical insurance regardless of the number of hours they work. Not sure how they´d handle people working multiple jobs; probably the pro rata thing.

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Reply 9 - Posted by: bighambone, 12/5/2012 12:24:42 AM     (No. 9049153)

Every time these Restaurant chains raise up their food prices they get less customers in return. Around here a number of those chain restaurants have closed up shop, who knows if they did that to significantly down-size before Obama Care gets up a head of steam and costs go away up, or they just could not make a buck.

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