Posted on 03/21/2013 12:40:38 PM PDT by Brad from Tennessee
NorthBay Adventure is the kind of small business that could be expected to buy medical insurance for workers under sweeping health-act rules taking effect in 2014. But executive director George Comfort says that’s not likely to happen.
Instead, NorthBay became self-insured last year, paying most of its workers’ health costs directly, a practice more typical of large employers. The decision to self-insure was about free choice, savings and what’s best for his company, Comfort says.
But others see it as a threat to the Affordable Care Act. As more small employers like NorthBay avoid the health act’s requirements through self-coverage, small-business marketplaces intended to cover millions of Americans could break down and become unaffordable, they say.
“What you’ve got is basically a loophole for the small employer to get out of the ACA requirements,” says Robert Laszewski, a Virginia-based consultant and former insurance executive. . .
(Excerpt) Read more at kaiserhealthnews.org ...
Freedom is a threat to 0bama.
True, that.
hmmm interesting this might be worth looking into. Only hire healthy people though.
A company can hire more employees based on how much profit it’s making and how much hiring more people will increase that profit. Now the smaller companies have to factor in obamacare. I don’t see a lot of small companies expanding.
When freedom is outlawed....only outlaws will have freedom.
Following the law is now an illegal activity.
The IRS intends to penalize any employer who dares to follow the law by finding the Obamacare's legal loopholes and employing perfectly legal tactics to avoid its penalties. These legal tactics are nothing new. But President Obama doesn't like it so he's called out the IRS bloodhounds.
-PJ
Anyway, I have a growing, part-time small business, and if it ever goes full time, I sure as hell won't be hiring anyone. I'll contract everything. I may be dumb, but I'm not suicidal.
I have my own loophole. I WILL NOT comply.
If they darken my door step they will find out.
I have drawn my line in the sand with these bastards. Sick. Tired. Not taking it anymore.
“Yankee(*) ingenuity”, the greatest threat to totalitarian regimes, ever.
(*) American. Gringo.
Basically the company only buys real insurance - coverage for situations where an employee has a large health related expense. Typically the stop loss insurance kicks in at $20,000 or so.
The payments for basic medical care are paid by the company itself.
so why wouldn’t a large company self-insure ?
Many do. Some provide employees with a specific annual allotment for health care and allow the employee to pocket any balance at the end of the year. Others push wellness programs with cash bonuses for quitting tobacco or losing weight.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.