Monday, January 06, 2014

Unexpectedly!

College cuts student hours:

Christendom College students, along with the rest of the school's part-time employees, will have their hours cut as a result of the health insurance mandate in Obamacare.

"It would bankrupt the college," chief operations officer Ken Ferguson told the Washington Examiner during a Wednesday phone interview. "We would go out of business."

Christendom is a small (about 400 students) liberal arts college in Front Royal, Va. "We have approximately a $10 million operating budget and we currently spend about $1.1 million in insurance costs to cover our roughly 100 full-time employees ... and we would have roughly 100 [additional employees], split evenly between student employees and non-student part-time employees, who would be mandated by the Obamacare legislation to receive insurance because they work more than 30 hours a week," Ferguson explained.

"And, if you do the simple extrapolation, it would cost us another $1.1 million to insure them, which is more than 10 percent of our operating budget, and it would bankrupt the college," he said.

No comments:

 
Who links to me?