CHEESECAKE FACTORY CEO: Obamacare Will Be 'Very Costly'

cheesecake factory

Photo: By Kim Joar on Flickr

Cheesecake Factory CEO David Overton isn’t worried about Obamacare quite yet, but he says that he might be once he finds out the numbers.His company has been lauded as a model for the health care industry because it’s so good at maintaining consistency and efficiency throughout its restaurants.

Right now, Cheesecake Factory already covers everyone who works over 25 hours, so it’s already paying quite a bit for healthcare.

“We’re not sure how much more it will be, how much less or what exactly we’ll do,” said Overton on CBS This Morning. “So for us it won’t be as bad as it will be for others, which it will be very costly.”

Overton noted that since he doesn’t know the numbers yet, he’s not sure whether he’ll have to pass the costs on to the consumer by raising prices. 

“I’m not worried yet,” he said on CBS. “When I hear the numbers I might be.”

But Overton is concerned for other businesses that aren’t already spending lots of money on healthcare.

“For those businesses that don’t cover their employees, they’ll be in for a very expensive situation,” he said. 

Watch the full interview on CBS below: 

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