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. ... A "play or pay" employer mandate..Idiots. A bunch of IDIOTS. That's what these professional politicians are are. If I'm an employer with 25 (or more) employees I'm paying the $750 fine you beltway morons.
But would I really be "paying" it?.. no way, the employee(s) would. It would come right out of his pay and/or any future wage increase. And the best thing is, they would hardly even know it!
That fact is 'employers' will pay this $750.00 fine when pigs fly.For a *typical* non-union employee there's six (6) 'paid' Federal Holidays, normally five (5) 'paid' sick days and after a couple years, a two (2) week 'paid' vacation, that amounts to 168 'paid' non working hours per year.
Based on a typical eight (8) hour day that brings down the total in-house working hours to 1912 hours per year. Dividing that $750.00 'fine' by 1912 hours = $0.392 an hour. So that amount, or rounded to $0.40 an hour is what I deduct from his pay ($0.40 x 1912 = $764.80). From the day this thing goes into effect he gets a pay 'decrease'. That's *only* $16.00 a week from his gross, he won't even miss it. (1)
And when annual 'Raise Time' comes around, same thing. Instead of say a $2.00/hr raise, he gets a $1.60 an hour raise. And if he doesn't like these new terms -- see ya Francis, here's a box and there's the door.
And when he gets home and after he tells his wife, who will be jumping with joy (ha-ha-ha), he can call Nancy Pelosi and thank her for his new lower salary.
(1) For the 1912 hours the employer comes out slightly ahead. But you have to recover something for added overhead costs. And at 2080 'paid' yrs a year, it would only be $0.36 an hour deducted, $14.42 less a week, but that just breaks even.
no offense to idiots.
That employee, who today is quite content to pay his or her $100 or $150 portion of their health insurance premium through payroll deduction, will actually think they’ve gotten a pay INCREASE! Since the employer will pay the fine and drop the health benefit, instead letting mother government take care of the empployees’ needs, the employees will no longer have that payroll deduction. So, they might get a bit taken out to cover the $750 fine each check, but that will be more than made up for by $50-75 per check (much more if they are covering their family) that will no longer be deducted to pay health insurance premiums.
To the employee, it looks like Obama has saved him money each month.