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Swede Atlanta

(3,596 posts)
20. Actually the opposite is the case.........
Thu Jun 28, 2012, 07:33 PM
Jun 2012

Small businesses (under 50 FT employees) are exempt. That is the vast majority of "small businesses" in America except in Repuke-speak where they consider the number of owners in determining "small". So for example if the Koch brothers set up a business together and each invested $3BN in the company, but they were the only owners, the R's would consider that a small business that shouldn't have to provide healthcare for their employees even if the company turns $30BN in revenues a year and generates a 15% annual return.

So for truly small businesses nothing changes except with the eventual establishment of the exchanges they will be able to pool together with other individuals and small businesses and purchase as part of a "group" and enjoy the cost savings. It will help small businesses which want to provide health insurance to provide it.

But other businesses >50 FT employees must provide health insurance or pay a penalty. And the minimum coverage required to satisfy this requirement is specified at something like 60% of the actual cost of the health care.

So...
(1) Small businesses that do not today have a requirement to provide health insurance still will not but will have tools to be in a better position to offer it. And for those that can't afford or choose not to afford it, individuals will have the ability to buy into a state exchange.
(2) Larger businesses > 50 FT employees will be required to provide health insurance. This is no different than having to pay into workman's compensation, employer payroll taxes, etc. Now this may lead some companies to keep their employment just below the 50 level mark just to avoid coming under the law. But even these businesses will now be able to purchase in the exchanges.

Today my employer is a large multi-national company. They are self-insured which means they actually pay for all of the healthcare. They have an insurance company that administers the program on their behalf.

It is possible some self-insured companies will look at actually buying in an exchange rather than self-paying. But this will only be a financial option for them. They will still have an obligation under the law to provide the minimum required health insurance or pay up to a $3K fine, per employee, per year.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Then they better have their heart attack now. n/t rucky Jun 2012 #1
Because Obama may be re-elected, too, so get ready, right wing lurkers: freshwest Jun 2012 #11
I recomend either of these paradises for our friends nadinbrzezinski Jun 2012 #18
Ha! Love it! nt laundry_queen Jun 2012 #19
They speak French there too! banned from Kos Jun 2012 #28
And they eat poutine and love the Queen! Buncha dang furriners! freshwest Jun 2012 #30
They're also saying we don't have enough health care workers proud2BlibKansan Jun 2012 #2
Well VERY PARTIALLY they got a point on that one nadinbrzezinski Jun 2012 #4
Do you know which AMA policies are those? BadgerKid Jun 2012 #26
Limiting the number of medical students nadinbrzezinski Jun 2012 #31
The stupid. It hurts. GoCubsGo Jun 2012 #29
I will be forced to drop my private insurance and be forced to buy private insurance? rustydog Jun 2012 #3
Well the exchanges will actually drop the cost nadinbrzezinski Jun 2012 #6
Thanks nadin,,, nenagh Jun 2012 #5
There is a reason I avoid the Conservative News Network nadinbrzezinski Jun 2012 #8
Don't forget the mandatory anal probes. That's in the bill SOMEWHERE. HopeHoops Jun 2012 #7
Actually it is... preventative care nadinbrzezinski Jun 2012 #9
Okay. You got me. Colonoscopies are included in the bill as preventative proven procedures. HopeHoops Jun 2012 #14
And prostate exams nadinbrzezinski Jun 2012 #16
RW radio land is also telling people they will go to jail if they dont buy insurance. DCBob Jun 2012 #10
That's been out there since the ACA was announced, and they threatened to kill Democrats. freshwest Jun 2012 #12
Given one of our bright guys from Michigan nadinbrzezinski Jun 2012 #15
Thank goodness DU has the Gungeon! I mean that, so I do show appreciation for liberal gun folks. freshwest Jun 2012 #24
FEAR... nadinbrzezinski Jun 2012 #13
And "they" will take your guns away. liberal N proud Jun 2012 #17
My I need to learn to hug them nadinbrzezinski Jun 2012 #21
Actually the opposite is the case......... Swede Atlanta Jun 2012 #20
That may be. And that's scary. But maybe not. Still, should ins. be tied to employment? Honeycombe8 Jun 2012 #22
By 2014 you can chose to drop your private employer insurance nadinbrzezinski Jun 2012 #23
I did not know that. Schwing! That is great news. nt Honeycombe8 Jun 2012 #25
I've heard two particularly "good" ones so far today Posteritatis Jun 2012 #27
I love fantasy writers... nadinbrzezinski Jun 2012 #32
No worries. The Death Panels will be sending you to the guillotine anyway... Mister Ed Jun 2012 #33
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