JustRalph
03-24-2010, 10:14 PM
I have been saying for two years now that this guy was going to be the worse thing that could happen to his "people" the constituency that thinks he is going to save them is going to be hurt more than ever..........
http://hotair.com/archives/2010/03/24/video-will-obamacare-drive-businesses-out-of-providing-health-insurance/
Will ObamaCare drive businesses out of providing health insurance?
"In a word, yes, and that’s not just me talking. Last night, CBS did a perspective on how ObamaCare’s mandates and tax incentives will impact small businesses, which Democrats insist will see benefits from the ObamaCare largesse. The only problem is that the system actually incentivizes businesses to pay penalties and throw their employees into the government-run exchanges:"
Watch the video.......check out why the little guy is going to be hurt by this bill
From the link:
• Businesses with fewer than 25 employees that pay an average of no more than $40,000 will get a tax credit – up to 35 percent of the company’s share of their total health care premium.
• Companies with 26-49 workers are unaffected.
• Businesses with 50 or more workers must offer coverage or pay $750 per worker. That penalty applies for every employee if even one signs up for government-subsidized insurance.
But there are potential problems. Case in point: It would be much cheaper for Dick Bus to drop the generous coverage he now offers and take the hit at $750 a head for his 120 workers. The penalty would be $90,000 a year. He’s currently spending $480,000.
Bus would save $390,000, but canceling his plan would force his workers to the health plan exchange and could cost more than they’re paying now. The Senate is considering an increase in the $750 penalty to prevent that scenario.
http://hotair.com/archives/2010/03/24/video-will-obamacare-drive-businesses-out-of-providing-health-insurance/
Will ObamaCare drive businesses out of providing health insurance?
"In a word, yes, and that’s not just me talking. Last night, CBS did a perspective on how ObamaCare’s mandates and tax incentives will impact small businesses, which Democrats insist will see benefits from the ObamaCare largesse. The only problem is that the system actually incentivizes businesses to pay penalties and throw their employees into the government-run exchanges:"
Watch the video.......check out why the little guy is going to be hurt by this bill
From the link:
• Businesses with fewer than 25 employees that pay an average of no more than $40,000 will get a tax credit – up to 35 percent of the company’s share of their total health care premium.
• Companies with 26-49 workers are unaffected.
• Businesses with 50 or more workers must offer coverage or pay $750 per worker. That penalty applies for every employee if even one signs up for government-subsidized insurance.
But there are potential problems. Case in point: It would be much cheaper for Dick Bus to drop the generous coverage he now offers and take the hit at $750 a head for his 120 workers. The penalty would be $90,000 a year. He’s currently spending $480,000.
Bus would save $390,000, but canceling his plan would force his workers to the health plan exchange and could cost more than they’re paying now. The Senate is considering an increase in the $750 penalty to prevent that scenario.