Walt Disney World is adding enough hours to its part time workers' rosters to allow them to qualify for Obamacare, helping their workers to get healthcare. They're hardly the only ones; a recent survey of CFOs at large firms shows that they've got a lot of company. But it's important to note because a) it's a good, honorable thing they're doing and b) it runs counter to the scare-stories that emphasize the tiny number of sleazy, greedy companies that are using Obamacare as justification to screw their workers by cutting hours and benefits.
Disney already offers a level of health coverage that is acceptable under Obamacare to its full-time employees. But part-time workers, including those who work at the 30-hour cutoff set by the health law, receive more limited benefits. Instead of rolling back these workers’ hours to avoid expanding their health coverage, Disney is choosing to promote them to full-time status.
“Disney wants to be proactive,” said Ed Chambers, president of the Service Trades Council union that represents tens of thousands of Orlando Disney employees, in an interview with Bloomberg News. “Disney is way out in front on this.”
Under Obamacare, Disney World Will Promote Its Part-Time Workers To Full-Time Status [Sy Mukherjee/ThinkProgress]
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Lax enforcement from the SEC has allowed the biggest companies in America — 90 percent of the companies in the S&P 500, led by the faltering energy sector — to ignore the “Generally Accepted Accounting Principles” (GAAP) in presenting their financial information to investors, manufacturing nonexistent profits in quarters where they suffer punishing losses.
I have a first-world problem: I stay in a lot of hotels.
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