California. Our insurance will go up 120%, deductible will increase as well. Brilliant.

This is going to affect the economy in potentially massive ways. People don't have unlimited resources. When your expenses increase by five or ten thousand dollars per year there are things you will not do with that money. That, in turn, will affect others. The 49 employee and 29 hour mess will pile on top of the reduction of disposable income to make an even bigger mess.