There's a competitive market for labor, just like there is for apples. OAssHat just wants us workers to pay even MORE to support the stiffs (his peeps).
““why would any business pay $10,000 a year per employee for health insurance when they can pay $2,500 a year for the penalty?””
Why does he pay it now? To keep employees.
There's a competitive market for labor, just like there is for apples. OAssHat just wants us workers to pay even MORE to support the stiffs (his peeps).
Right, insurance for my husband and me costs $24,528. Employer pays almost $17,000 per year of the cost. I'm not sure he will be able to offer the coverage if costs continue to rise. By the way, it's not a Cadillac plan by any means. Plan only covers generic drugs.
This is what I don’t understand. Obamacare is horrible for hundreds of reasons, but I am not following the argument that companies will drop health insurance because they only have to pay a fine.
They don’t have a fine now, so what is their incentive to have health insurance now? As driftdriver wrote, it is to keep imployees.
Is there some other connection I’m missing on why companies will drop health insurance? I realize eventually the costs will go up because of all the mandates on insurers (no refusal of pre existing conditions, no upper ceiling on payments , etc.) and that may eventually make it prohibitive for companies to afford it as a benefit? Is that what people mean when when they say companies will just pay the fine? I thought the fine/tax was on the individual person anyway?
If anyone understands this please help me understand.