Businesses React to Affordable Health Care

I have never seen the inhabitants of a country legally behave so ugly under any other president than Obama. It is absolutely ridiculous to punish innocent citizens because you do not like who is in charge. There is a reason why he is in charge and these business owners aren't. The fact that they would abuse their own power to punish American citizens is disgusting and this should be illegal.

what imma need ya'll to do......every business that's using this as an excuse .....boycott.  And tell your friends to boycott too.

Are we surprised? lol

from forbes:

Tax Credits
By providing healthcare to employees, there are between 1.4 and 4 million businesses with fewer than 25 employees and average salaries of $50,000 or less that are already eligible for tax credits of up to 35 percent.  After January 1, 2014, the credit increases to 50 percent and will be available for any two consecutive years.

The 80% Rule

Since 2011, insurance companies have been required to spend at least 80 cents of every dollar on medical care and not administrative costs — or refund the difference. And it works — in California, for example, 4,400 companies received $3.5 million in refunds from insurance company UnitedHealth in June this year alone.

Size matters

Companies with fewer than 50 employees do not have to provide insurance, but the new law will make it easier and cheaper if they do.

Businesses with 50 or more employees must provide health insurance or pay a penalty. If the business fails to comply, the penalty is $2,000 for each full-time employee (with a 30-employee deduction.) Additionally, if the coverage offered is too expensive (defined as costing more than 9.5 percent of the employee’s household income), the penalty is $3,000 per employee who must buy insurance with a government subsidy. However, only 200,000 small businesses will be affected by these changes because over 96 percent of small businesses fall below the 50-employee threshold.

Companies with up to 100 employees can benefit from the option of buying lower cost health insurance through employer-only exchanges, also set up by each state. This might also reduce costs for smaller firms if they add their employees to a much larger pool of insurance customers.

Edited by ms_wonderland - Nov 18 2012 at 7:10pm

I'm curious as to the salary of Mr Papa John. My guess is that he isn't going to make a dent in his salary even if it means providing healthcare for his workers.

And even if he has to raise prices, what is 11 cents?

Greedy azz rich people get on my nerves. Its not enough to have the lion's share, they want everything.