Denny's to impose 5% Obamacare surcharge

[spidey07]

Where are you getting this? A restaurant, especially a popular chained one like BWW or Hooters net this much in a month. A restaurant can make a gross profit of about 200k in a weekend, especially if it's something big like The Superbowl.

LOL! WOW - you are purely delusional. Mind of the liberal on full display, completely bat shit retarded with zero clue how the real world works. A restaurant is giddy if they get 2-3000 in SALES a day.

200k profit on a weekend, lol

 

[Athena]

Would you prefer a single-payer option? Or some kind of profit cap on insurance companies?

Where did that come from? What kind of choice is that? Why is it that we never get to discussing what a healthcare system should be doing then backing up to considering alternate ways of paying for it. before talking about how to pay for it. Because the real issue to be addressed is not health insurance but healthcare.

Most people in this country have only the dimmest idea of how our current system works. In a block of 20 homes, you probably have at least 20 different coverage schemes -- some public, some employer paid, and some individual. Some employers deduct for premium coverage, some don't. Some people have high co-pays and some don't pay anything. Too many people think that whatever they have "typical" without any notion of what other people are paying or how they are getting care.

And the number of people here who actually understand how medical systems elsewhere work is too small to measure. English only means that Canada and the UK are all that get talked about --how many even know how it works in Australia?

We need to get serious about understanding the possibilities before asking people to make choices.

 

[CPA]

So now their heart attack on a plate that usually costs $10.00 is now going to be $10.50. Greedy motherfuckers out there using ACA as an excuse to gouge their customers even more. Instead of thinking of what is best for their employees, they think about what is best for their pocketbook.

If you knew how public corporations and capitalist markets worked you would understand that corporations 1) don't absorb costs just to absorb costs, 2) allow anyone to own their stock so they can do "what is best for their pocketbook" and 3) have a fiduciary responsibility to their shareholders.

B

 

[Athena]

Because having more bankruptcies due to medical bills that can't be afforded because premiums were to high for some people to get medical coverage is more desirable.

http://www.cnn.com/2009/HEALTH/06/05/bankruptcy.medical.bills/

Not to mention the thousands who die as a direct result of not having medical care... either due to prohibitive costs or pre-existing conditions.

The above two situations will become less common.

Less common possibly but still not uncommon. A significant proportion of those who list medical debt as a precipitating factor in backruptcy have insurance. And there are studies from Massachusetts that indicate having insurance doesn't mean you can get or afford the care you need when you need it.

 

[sactoking]

If you'll allow me a moment of condescension, I just want to say thank you to everyone on this board. You never fail to disappoint when it comes to firing off ill-thought opinions on things you don't understand.

Sorry for being an ass about it, but you all make me smile.

 

[CPA]

How quickly people forget. In 1994, Denny's agreed to pay $ 54 million as settlement of a class action suit in which customers alleged widespread racial discrimination. Complainants in the class included a Federal judge and black Secret Service agents. The settlement came after a juries had made sizeable awards to several individual families.

14 years later, management apparently plans to recoup those old losses by blaming the new healthcare plan.

lol, you've got to be kidding me.

 

[CPA]

A business's job is to make money, not provide health insurance to it's workers. When will the liberal get this through their thick skull?

they won't ever. They want a socialist utopia, plain and simple.

 

[blankslate]

Less common possibly but still not uncommon. A significant proportion of those who list medical debt as a precipitating factor in backruptcy have insurance. And there are studies from Massachusetts that indicate having insurance doesn't mean you can get or afford the care you need when you need it.

As people with insurance have less trouble with health care life time benefit limits and health care companies take less of the health care insurance premium as profits, one can expect such bankruptcies to become less common.


Yes it still might happen much more than we want it to. However, keep in mind that in countries with Universal Health Care systems Medical Bankruptcies are very rare if not practically nonexistent. As we are not going with such a system one can expect that medical bankruptcies won't completely go away.

However, I'd rather have less bankruptcies because of that reason rather than not reducing them at all. Because people who are caught in that situation usually end up getting themselves into a lot ofcredit card debt and banks probably pass on such bankruptcy costs to other credit card users.

 

[sigurros81]

LOL! WOW - you are purely delusional. Mind of the liberal on full display, completely bat shit retarded with zero clue how the real world works. A restaurant is giddy if they get 2-3000 in SALES a day.

200k profit on a weekend, lol

The agency I work for do marketing for a few chain restaurants, so I'm pretty sure I know the numbers, otherwise I wouldn't be saying it. Unlike your dumbass that make up random shit and calling it facts. But hey, it's your words against mine right...

...But then, I've bolded what you said for easy viewing, it doesn't take a person beyond a high school education to realize how off that is.

Edit: As I'm sitting here at work, without divulging information that would get me in trouble: A promotional cocktail sold during Superbowl Sunday netted $1500+ in sales, and that is actually below our projected number.

 

[Incorruptible]

This is what happens when the government forces its will on businesses, what did they expect?

 

[nehalem256]

As people with insurance have less trouble with health care life time benefit limits and health care companies take less of the health care insurance premium as profits, one can expect such bankruptcies to become less common.

The fact that you think health insurance company profits are a driver of health care costs reveals you have no idea what you are talking about.

 

[blankslate]

The fact that you think health insurance company profits are a driver of health care costs reveals you have no idea what you are talking about.

The fact that you pick out only a part of the post and make an ignorant and stupid remark shows that you can't offer up a point by point rebuttal and thus have to fall into insult mode that deserves nothing better than this.

You post stupid shit.

 

[Nemesis 1]

they won't ever. They want a socialist utopia, plain and simple.

I am a pure socialist , But I not stupid What they want with the people who presently controll its a impossiable dream. Cut the evil head off and its a new ball game. Who wants to lead . People who have an agenda ans desire power and wealth . Thats who . Pure socialism will never happen under mans rule. Which means the poor will be even more poor and the middle less relavant and the ones in control nothing changes for them luxury all the way

 

[IronWing]

Is 5% of gross the cost of labor that Denny's is currently passing onto taxpayers via the Medicaid program? In the context of the employer based health insurance scheme used in the US, it makes sense to me that the beneficiaries of that labor (Denny's costumers) foot the bill for worker healthcare rather than continuing to stick the general taxpayers with the check.

 

[Doc Savage Fan]

The agency I work for do marketing for a few chain restaurants, so I'm pretty sure I know the numbers, otherwise I wouldn't be saying it. Unlike your dumbass that make up random shit and calling it facts. But hey, it's your words against mine right...

...But then, I've bolded what you said for easy viewing, it doesn't take a person beyond a high school education to realize how off that is.

My friend operates a fairly successful BBQ restaurant. A good day is $1500 in sales and a good weekend is $5000 in sales if he works his ass off with several catering gigs. It's damn hard to imagine a restaurant making $200k profit a weekend. Sales? Possibly. Profit? I call shens.

 

[jackstar7]

If you'll allow me a moment of condescension, I just want to say thank you to everyone on this board. You never fail to disappoint when it comes to firing off ill-thought opinions on things you don't understand.

Sorry for being an ass about it, but you all make me smile.

I assume it's a little bittersweet when you've gone to the trouble to try and explain all this to us.

On behalf of those who wish we did understand this better, sorry.

 

[nehalem256]

The agency I work for do marketing for a few chain restaurants, so I'm pretty sure I know the numbers, otherwise I wouldn't be saying it. Unlike your dumbass that make up random shit and calling it facts. But hey, it's your words against mine right...

...But then, I've bolded what you said for easy viewing, it doesn't take a person beyond a high school education to realize how off that is.

Edit: As I'm sitting here at work, without divulging information that would get me in trouble: A promotional cocktail sold during Superbowl Sunday netted $1500+ in sales, and that is actually below our projected number.

And how exactly do you get from $1500 in sales to $200,000 in profit?

 

[Doppel]

Here is a good comment:

Because Denny's isn't raising the prices by 5% - the legislation is. It's no different than any other form of tax and taxes are generally not included in the menu price.

In this article:
http://www.dailymail.co.uk/news/art...cut-employee-hours-deal-cost-legislation.html

But to pay $5,000 per employee would cost us $175,000 per restaurant and unfortunately, most of our restaurants don't make $175,000 a year. I can't afford it.

I don't know if his numbers are accurate, but based on what he's saying who here can blame him? These restaurants are hardly printing presses. BTW $5k/year is crap insurance, so he's probably talking bottom-of-the-barrel stuff, and yet where is this money going to come from? It has to either come from the customer or from his employees in the form of less pay OR what he claims he'll do: cut their hours back.

Apparently some people here think a business can easily find a few grand per employee? Sorry, these employees are not worth much: their pay sucks, economically on a societal level they are not actually contributing enough to the economy to buy modern health care. And that's why they don't have it. And it's why the only way they'll get it is with universal care where the cost is put off to gov, but putting it off to private businesses forces them to do what they can to avoid it.

I don't know if this Denny's guy's numbers are accurate, but only a truly naive fool thinks any business is going to take on a new cost without exploring options to minimize. Much of the restaurant business operates on razor thin margins and paying $2k (the penalty) per low-end worker is a massive burden. That penalty alone increases the worker's cost by 10% if he's making only $10/hour.

So, I assume he is rolling out this surcharge the all the other restaurants he owns. I bet his health care is wonderful..and probably the same for the top level employees under him.

Of course it is, he is the boss. You think the boss should have no more perks than the lowliest employee on the food chain? That's not how it works.

I agree it's probably better for him to just insure his employees and jack the prices up by 5%, though.

 

[lopri]

Well, I am not sure whether one individual can make that kind of decision, out of political motivation. Denny's is owned by a whole bunch of con artists.

http://stockzoa.com/ticker/denn/

• Keeley Asset Management owns 8.28M shares worth $40.07M
• Avenir Corporation owns 8.18M shares worth $39.57M
• Wells Fargo & Company owns 6.79M shares worth $30.03M
• Wellington Management Company owns 6.33M shares worth $30.69M
• Vanguard owns 5.31M shares worth $25.75M
• Inves owns 4.17M shares worth $15.67M
• Wentworth, Hauser & Violich owns 3.47M shares worth $16.81M
• STATE STREET CORPORATION owns 2.33M shares worth $11.32M
• Heartland Advisors owns 1.96M shares worth $9.49M
• Skylands Capital owns 1.53M shares worth $7.38M
• Aster Investment Management owns 1.51M shares worth $7.30M
• T. Rowe Price Associates owns 686719 shares worth $3.33M
• MCKINLEY CAPITAL MANAGEMENT owns 663649 shares worth $3.21M
• GAMCO Asset Management owns 660157 shares worth $3.20M
• Steinberg Asset Management owns 650205 shares worth $3.15M
• TIAA-CREF Investment Management owns 588084 shares worth $2.85M
• AQR Capital Management owns 562500 shares worth $2.73M
• CalPERS owns 511050 shares worth $2.48M
• GOLDMAN SACHS owns 510296 shares worth $2.47M
• E E Geduld owns 435372 shares worth $2.11M
• Two Sigma Investments owns 398132 shares worth $1.61M
• Gabelli Funds owns 397400 shares worth $1.92M
• Nokomis Capital owns 373556 shares worth $1.81M
• Manalapan Oracle Capital Management owns 334459 shares worth $1.48M
• Parametric Portfolio Associates owns 322698 shares worth $1.56M
• Charles Schwab Investment Management owns 311983 shares worth $1.55M
• Geode Capital Management owns 310239 shares worth $1.50M

 

[jackstar7]

Where did that come from? What kind of choice is that? Why is it that we never get to discussing what a healthcare system should be doing then backing up to considering alternate ways of paying for it. before talking about how to pay for it. Because the real issue to be addressed is not health insurance but healthcare.

You can talk about Heathcare if it pleases you, but the owner of this Denny's is talking about insurance and encouraging people to screw over his employees rather than invest in their health.

And I was just presenting a couple options to try and get an idea of what solution that other poster might offer. I'm certainly not trying to limit things to just two options.

The reality is that people who have insurance and aren't afraid to go to a doctor when they experience symptoms, they can get back to work and remain healthier, which is a direct benefit to employers.

 

[shira]

You're going to see more and more of this. Business said what would happen if we didn't repeal obamacare, and what was predicted is coming true. Reduce people's hours to below 30, drop insurance all together, increased prices, layoffs, etc.

Did the liberal whine about it when san francisco did this years ago, even showing it on the receipt? My guess is no.

Leave, loser. You gave it your best shot in the run-up to the election, and proved that you opinions aren't worth shit.

Just leave now.

 

[Engineer]

Papa Johns: Off the list
Dennys: Off the list

any more?

I'll vote with my money.

 

[sigurros81]

Papa Johns: Off the list
Dennys: Off the list

any more?

I'll vote with my money.

I can't remember the last time I ate at Denny's ever since I started becoming more conscious about my health and what I eat. Papa John's, however, is damn delicious

 

[Engineer]

I can't remember the last time I ate at Denny's ever since I started becoming more conscious about my health and what I eat. Papa John's, however, is damn delicious

To be honest, I've not eaten at Denny's in quite some time. As for Papa Johns, it "used" to be delicious, when I "used" to purchase their pizza!

I'm sure that there will be plenty of places that won't openly advertise their raising in the name of Obamacare (even if they do raise) and those places will get my dollars.

 

[shira]

LOL! WOW - you are purely delusional. Mind of the liberal on full display, completely bat shit retarded with zero clue how the real world works. A restaurant is giddy if they get 2-3000 in SALES a day.

200k profit on a weekend, lol

Deny's net profit for 2011 was 112.9 MILLION. That's over 2 million profit per week. That's almost 300k profit PER DAY.

sigurros81 specifically said a "chained" restaurant.

Leave, you moron, you fvcking imbecile.