The Ghost of Snapped Shot

Or, welcome to my low-maintenance heck.

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ObamaCare Hates Business

Or, should I say:

Obama hates business.

Pelosi hates business.

Reid hates business.

Either way you go, you still have not moved away from the root of the problem.  The proof is in their own works.  Ed Morrissey over at Ace finds a great nugget that proves the just passed America-Killer bill hates businesses to the point that this bill will increase unemployment.

Ed posts this quote which I graciously quote from his article:

    • 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.

Now, if that isn't scary enough, Ed sums up the hate this way:

As listed above, small businesses only become eligible for the credits if their average salary remains below $40,000.  That means a decision to give raises not only carries the cost of the raise itself to the business, but also a potential loss of that 35% subsidy ObamaCare grants. This will have the overall effect of suppressing salaries and putting experienced workers at a disadvantage in hiring decisions. It also provides an incentive to keep the workforce under 26 people; the 26th hire eliminates that 35% subsidy as well, making it a very expensive new position.

Update: One other anti-growth incentive, as Mark the Great points out in the comments: businesses with 50-60 workers have a big incentive now to downsize.

My take on this:  If you have 25 people under your employment but you do not provide health care insurance, you will be fined $750 for each person you do not provide insurance for.  Now, if your employees choose to get their own insurance or pay their own fines, then wouldn't this be double indemnity?  You are being fined for not providing insurance, even though your employees DO have insurance.  Your employees are also mandated by law now to purchase insurance whether they want it or not. 

The employer is being fined for not providing a service that their employees can get cheaper from the government.  They are being fined for not allowing their employees access to health care insurance all the while they always have had access even before this law was passed.

Either way, this bill is proven over and over to be nothing but a business killer in the least, an America killer in the best.

 Tags: ObamaCare DailyFodder

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