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The Water Cooler
General Discussion
Cheapest OBAMACARE plan will cost 20K?
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<blockquote data-quote="Mgarza_a" data-source="post: 2089028" data-attributes="member: 10976"><p>I'm not defending government mandated insurance requirements but.... The law only applies to a business with 50 or more employees not 20. For those business with 50 or more it will be more than likely cheaper to not provide insurance as the penalty will be $2000 annually. With the way premiums are calculated now, employers spend far more than $2000 annually to cover employees as a benefit. </p><p></p><p>As for it not being a tax, I agree that forcing someone to pay for a private product should be unconstitutional. But so should receiving more money than you paid in taxes every year. I pay twice the tax bill as my neighbor and we have similar wages. The kicker being I have no children and he has three.</p></blockquote><p></p>
[QUOTE="Mgarza_a, post: 2089028, member: 10976"] I'm not defending government mandated insurance requirements but.... The law only applies to a business with 50 or more employees not 20. For those business with 50 or more it will be more than likely cheaper to not provide insurance as the penalty will be $2000 annually. With the way premiums are calculated now, employers spend far more than $2000 annually to cover employees as a benefit. As for it not being a tax, I agree that forcing someone to pay for a private product should be unconstitutional. But so should receiving more money than you paid in taxes every year. I pay twice the tax bill as my neighbor and we have similar wages. The kicker being I have no children and he has three. [/QUOTE]
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Cheapest OBAMACARE plan will cost 20K?
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