Saturday, July 04, 2015

Another ObozoCare Body-Slam!

This one aimed directly at 'small business'--defined as employing less than 50.

Employers who reimburse their workers for health care costs will face massive tax penalties beginning [July 1, 2015].

Prior to the passage of the Affordable Care Act, with its mandate that all Americans purchase insurance and requirement for businesses to offer employees insurance plans, many small companies provided coverage by directly reimbursing medical costs or for the cost of private insurance plans. Businesses do it because that’s a less complicated process than dealing with an official health insurance plan, but continuing to do so after July 1 could cost them hundreds of dollars in fines each day....

'Reimbursement' is not as rare as you might think; there's at least one Milwaukee-area company which was using that method a few years ago.  Not likely that it still does; it employed far more than 50 people and thus had to dump that plan in favor of ObozoCare.

...The new rule is the result of an Internal Revenue Service interpretation of part of the ACA. It seems intended to force employers to offer a group health insurance plan (or leave their employees to fend for themselves on the health insurance exchanges)....

You will be made to conform.  And you will like it, comrade.

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