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General Electric Company Message Board

  • whiny.scum whiny.scum Jul 23, 2013 7:20 AM Flag

    The wonders of Obamacare


    Several small business owners told Congress they don’t know how they will stay afloat when the Patient Protection and Affordable Care Act’s Health Insurance Tax (HIT) raises insurance premiums by as much as $500 per employee in 2014. The business owners, who have covered 100 percent of their employees’ insurance premiums in the past, said that with the HIT, they will struggle to offer any health care coverage at all. “I’m really sorry, but this is future of health care. The best I can tell you is— don’t get sick,” said Joe Moreshead, owner of Precision Screw Machine Products in Maine, who joined members of Congress at a Wednesday press conference. Moreshead spoke about the devastation the HIT will have on his business as he will have to take an additional $500 from each of his employees to pay for their health insurance.

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