And people wonder why conservatives are against the so-called "public option." How many employers are going to just give away $55,000 per year or more when there is another option available for their employees? It doesn't take a rocket scientist to figure this out.
Well, that's the plan. We'll see if it works.
In other words, we will take it from you at gunpoint.
Good grief....I pay more than $750 a year for Medicare and I gave they had a sh**load of my money to start with. Makes no sense that a working person would pay less than someone on SS...
What a great way to keep small businesses from expanding beyond 25 employees.
Job killer.
“Businesses with 25 employees or more would be required to offer health insurance or pay $750 a year per full-time worker to the federal government, under health care reform legislation being considered in the Senate.”
All I gotta do is pay $750 per year for each employee and I’m off the hook for health insurance?? Yippee!! I pay nearly that much PER MONTH per worker now!
Many companies would jump at the chance to only pay an outlay of $750 year for their employees health insurance. I expect a lot of companies will cancel existing health insurance, pay the government their $750, and tell the employee to go buy their health insurance from the federal government. The problem is it will cost the worker a whole lot of money to make up the difference, since their company group rates will no longer be available.
First of all it’s illegal for the government to require businesses to pay for insurance.
Second it will mean the end of many businesses.
Third, if you work at a company with 26 employees, start looking for another job.
Fourth, if you apply for a job at a company with 24 employees, forget about it.
Fifth, the “25” will soon be 15, then 10, then 5.
Can anyone say: Government mandated extortion?
How many employees do you have again?
I’ve met with plenty of employers who feel the same way.
If the employer/owner supports Obama, they seem to feel it is their way of “supporting his plan.”
I suspect plenty of these employers will set up ways to cover their own personal medical expenses and options, while they throw their employees into the Obama experiment.
The 750 per year will soon become 1,000 “we didn’t know it would cost so much” then 2,500, then 4,000.
Vintage Hillary Clinton - 1994
When told the (health) plan could bankrupt small businesses, Mrs. Clinton sighed, "I can't be responsible for every undercapitalized small business in America."
Also, when a woman complained that she didn't want to get shoved into a (health) plan not of her choosing, the first lady lectured, "It's time to put the common good, the national interest, ahead of individuals."
Democrats could care less about the small business men and women of this country. Hence the reason why there was no business stimulus to come out of this Obamination of a "stimulus" bill.
No problem.
Once you reach the 25th employee you just setup a new LLC and start over with employee #1.
And just what the hell will the employer get for that $750 a year from the federal government since WE (the taxpayers) ARE the federal government?! Is this like a 'service fee' or something like credit card companies and banks charge?
You have to be pretty savy/stupid or take your pick to keep coming up with another word for T A X!
Obama is solid gold for lawyers. How many companies will splinter into new 24 person businesses?
I am a small business owner and if this is the plan sign me up ! I pay approx $250K per year for 55 employees. I could save 200K on this program; although they will tax that profit but I still come out ahead.
This is probably an error and it should be $750 per month....
RETAIL BAKERS ASSOCIATION NAMES NEW PRESIDENT
LYNN SCHURMAN, CERTIFIED DECORATOR, OWNER COLD SPRING BAKERY
April 14, 2008
A participant in RBAs March on Washington, held March 12 in conjunction with the American Bakers Association, Schurman states the price hike is necessary in order for small bakeries to survive.
Retail Bakers of America (RBA)a 501(c)6 not-for-profit trade association located in McLean, VA
******
Remind me to avoid this bakery...(they are also wholesale to other retailers & grocers)
http://www.coldspringbakery.com/
There is another hidden tax increase here as well. Today, the employee contribution is paid with pre-tax dollars. Assuming every employer who owns a calculator will quit offering benefits, the employee contributions will become taxable income (or pay cuts.)
$750 for a full year is a whole lot cheaper than paying insurance premiums.
Lynn Schurman
Lynn Schurman wants to see the same sense of commitment from Minnesotas congressional delegation that she feels for finding a solution to the nations health care crisis.
Thats why the Cold Spring Bakery owner spent the past two days in Washington with other Minnesotans, dropping in at lawmakers offices to talk about their health care experiences and to stress a need to revamp the system.
Theres a sense of urgency that we cant let this opportunity go by, Schurman said. We need to have health care reform, and we need to have something that works for small businesses.
The activists participated in a demonstration outside the U.S. Chamber of Commerce and attended a public interfaith service Wednesday. They wrapped up their visit Thursday at a Capitol Hill rally of thousands, where Sopranos and Nurse Jackie star Edie Falco was among the key speakers.
The campaigns main message is that Congress needs to pass a health care plan that provides coverage for the estimated 46 million Americans who lack it, reduces the overall costs of health care and includes a public option.