So, if you have 51 employees, you lay two off. Simple enough.
If you really need the work done, get a couple of temps.
I'm not really in that position, but if I were, why wouldn't I pay the penalty (errrrr, TAX) of $2k per person instead of insurance? Surely the insurance cost is $2k or more per person.
“One in three respondents said they could stop offering coverage if ...it would be cheaper for them to pay the penalty for not providing insurance. “
ALL of them will drop coverage if “it would be cheaper” LOL!
Some may find it possible to reduce cash compensation more than the added insurance cost, but Obamacare is designed so that is very unlikely.
There are still people who have employer health insurance?
You can bet the rent, those who aren't government employees, their employer heath benefits will be coming to an abrupt end.
Bad news. However, can someone translate this into an investment strategy? Short health insurance companies?
By dropping coverage it will increase pressure for a single source provider, “our beloved government”. Based on how the bill was written, I firmly believe this was the goal of the bill-national healthcare controlled, provided and limited by the government. There will be a scarcity of doctors. A recent poll indicates that 57% of doctors are considering quitting if Obamacare is enforced. Perhaps that’s why conscription of doctors was written into the law. Ask yourself who would want to become a doctor if all doctors are to be paid the same, regardless of specialty and extra years of training, yet remain open targets for lawsuits? Our legislators and Supreme Court have failed to protect us and now we have only the election to fall back on. As I look at our game addicted and lazy youth, growing numbers of those dependent on the government, and special interest groups pushing for one basic thing rather than what is good for the country as a whole, I hold little hope for America unless all conservatives band together to save our economic system and standard of medical care. Save these related issues first, then address lesser issues over time.
I know a company that had been in business over 50 years.
They dropped health coverage, all right.
They closed the doors for good. Obamacare & it’s unknown qualities was a major factor.
I plan on dropping my own.
Why pay for car insurance on a monthly basis for years if I can pay after the wreck and they have to cover the wreck at the same premium as everyone else. Just carry coverage for the one month of the wreck, and drop it again after they fix my car.
This is essentially what they’ve done with ObamaTax.
Frankly, there’s no incentive to ever carry health insurance again. The government will pay for it...
My new RobertsTax penalty is going to save me a fortune in premiums. Besides, at that point, RealHealthCare is going to be a cash and carry side private market. Who cares what my employer or some exchange provides?
I’ll save my health dollars for the concierge service that only the intelligentsia can afford. The left knows damn well that under the system they’re trying to build, it only pays to be “The One Percent”.
10 days after the SCOTUS fiasco, I (along with many other people) was laid off from one of the largest health care insurance companies in the country. They went to great pains to avoid saying it was because of Obamacare, but the handwriting had been on the wall for a long time.
Now at age 60, a new “job” will be a little difficult to find. Ironically, the only reason I would be interested in a new job is because of the need for health insurance.