Longtime IHOP Owner Sold His 16 Restaurants Because of Obamacare

[Dee]

Four years ago, my reporting on Obamacare brought me to the city of Terre Haute, Ind. Located near the Illinois’ border, about an hour’s drive from Indianapolis, the city of 60,000 residents reminded me of the area where I grew up near Utica, N.Y.

It was a brisk March morning, nearly a year after President Obama signed the Affordable Care Act, and I had trekked to the Midwest with a camera crew to meet Scott Womack, owner of about a dozen IHOP restaurants in Indiana and Ohio.

Womack’s testimony before Congress earlier in 2011 caught my attention and I wanted to visit him at one of his restaurants to see firsthand how Washington’s policymaking had impacted his work.

The IHOP in Terre Haute is located on South 3rd Street, just a few minutes from the Interstate 70 interchange and a short drive from the Holiday Inn where we had stayed the night before. As we sat in the back of the bustling restaurant waiting for Womack to arrive, we ordered french toast, omelettes and other IHOP specialities.

At the time, Womack employed about 1,000 people at his 12 restaurants. When the Affordable Care Act became law on March 23, 2010, he had big plans for his franchise. He had purchased a development agreement in 2006 that would expand the company to 14 new IHOP locations in Ohio.

“You have to fund your development through your profits,” Womack said during my 2011 visit to Terre Haute. “And if you have no profits, you’re not building restaurants.”

During his testimony before the House Ways and Means Committee, Womack said those plans were now in jeopardy—and with it hundreds of jobs, not just at his restaurants but also in industries such as construction and manufacturing that would support his expansion.

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[Virgil Earl Koon]

It is an interesting restaurant. I went to one in the Philippines. Sad they are having trouble with this treasonous administration as are so many.

[Paula Kennedy]

Maybe obama will open his own restaurant and give-away free Kool aid!  Tax payer funded, of course.  

[Bill Honrath]

If,....IF obama was honest, he wouldn't have said "The fundamental transformation of America", he would have said "The fundamental DESTRUCTION of America".

[Steven G. Elliott 1SG USA (RET)]

Welcome to the obummernation.

[John Schofield]

And the left is so blind to reality that they simply refuse to see any real issues with what is happening to this nation ( or is this a better outcome than they ever hoped for ?!?!?)

[George Zornetsky]

How much more damage must we suffer before the nitwits of this country begin to get it?

A friend of mine closed his shipping business because of this.

[Jea9]

And I STILL see 0bumper stickers. STILL.

[Paula Kennedy]

What a shame!  This disgusting marxist/muslim is destroying American businesses and the American dream!  

[Rev. Christine Richardson]

Dictator Obama care has nothing to do with health care.

[Homer Chessman]

Do WHAT????????      Nothing to do with health care??????     

Do WHAT????????      Nothing to do with health care??????  

Do WHAT????????      Nothing to do with health care??????  

You have your Cranium so  far up your  Distole Sigmoid colon that IF you ever need root canal you will need to visit a Proctologist!  

 

[Jea9]

Hello?????   The Rev. is RIGHT. IT HAS TO DO WITH POWER AND SOCIALISM.