Wed, Oct 1, 2014, 11:47 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Altria Group Inc. Message Board

  • happygambler34 happygambler34 Feb 27, 2013 3:30 PM Flag

    New Reality for Small Business Under the Health Care Law‏-"DON" Obama Rules

    Employer sponsored medical insurance plans were originally created as a compensation benefit. Some employers offered to participate in group medical plans...others did not. The real question is "What right does government hired hands have to getting involved in employer compensation agreements".

    You’ve likely heard of the employer mandate that is part of the health care law – which says that businesses with 50 or more full-time equivalent employees are mandated to offer health coverage.

    Though the mandate doesn’t take effect until 2014, the "measurement period" used by the government to determine a firm's average number of full-time employees started last month, and has sent small businesses into a frenzy to avoid future costs through cutbacks and employment dodges.

    How will this affect growth and jobs?

    Recently, the Wall Street Journal reported that the employer mandate will cost the franchise industry alone $6.4 billion and endanger 3.2 million jobs. And that’s just one industry!

    The Journal explains:

    "Because [the employer mandate and] other federal employment regulations also kick in when a firm crosses the 50 worker threshold, employers are starting to cap payrolls at 49 full-time workers. These firms have come to be known as "49ers." Businesses that hire young and lower-skilled workers are also starting to put a ceiling on the work week of below 30 hours. These firms are the new "29ers." Part-time workers don't have to be offered insurance under ObamaCare."

    More regulations mean fewer full-time employees. That’s the new reality of small business hiring under the health care law.

    Thankfully, there may be an opportunity to repeal the employer mandate through the “The Small Business Health Relief Act,” sponsored by Sen. Rob Portman (R-OH).

    Repealing the employer mandate would protect existing jobs and spur the creation of new jobs by removing much of the uncertainty employers are experiencing. Additionally, by lifting the threat of penalties for full-time employees, future job growth will be salvaged.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "What right does government hired hands have to getting involved in employer compensation agreements".

      ***

      They're already involved, drooler -- as in making such plans tax-exempt.

      Let's repeal the tax deduction for employer health plans and see how the Contards feel about Obamacare THEN. No more welfare for health insurers!

 
MO
45.77-0.17(-0.37%)Oct 1 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.