By Andrew Puzder
Dec. 27 (Bloomberg) — I am not an expert on health-care
policy, but I do know something about job creation. So when a
House Oversight and Government Reform subcommittee asked me to
testify about the effect on employers of the Patient Protection
and Affordable Care Act, sometimes known as Obamacare, I thought
I could offer some insights.
As I told the committee in a July 28 hearing, it is
critical that Congress does a good job of balancing the benefits
of new legislation against the costs of that legislation. That
process begins with recognizing that laws like Obamacare come at
a price.
Our company, CKE Restaurants Inc., employs about 21,000
people (our franchisees employ 49,000 more) in Carl’s Jr. and
Hardee’s restaurants. For months, we have been working with
Mercer Health & Benefits LLC, our health-care consultant, to
identify Obamacare’s potential financial impact on CKE. Mercer
estimated that when the law is fully implemented our health-care
costs will increase about $18 million a year. That would put our
total health-care costs at $29.8 million, a 150 percent increase
from the roughly $12 million we spent last year.