| The House bill mandates that employers with payrolls above $500,000 must contribute -- for each full-time employee -- 72.5% of the premium cost for single coverage and 65% of the premium cost for family coverage. The penalty for failing to do so is a 2%-to-6% tax on employers with payrolls between $500,000 and $750,000 and an 8% tax for employers with payrolls above $750,000. ....Outside Washington, meanwhile, small-business owners are weighing their options and responses. Sharon Evans, chief executive of CFJ Manufacturing Inc., a promotional-products company in Fort Worth, Texas, said she pays 65% of health-insurance premiums for her 100 employees. If she were mandated to pick up more of the cost, as the House bill requires, she said she would consider dropping insurance and paying a penalty. And various tax rebates, as envisioned by prominent other versions, don't necessarily pass muster with her. A narrow win in the House of Representatives moves the fight to the Senate. Video courtesy of Reuters. . "If you're going to make me pay $100,000 to get everybody insured and you give me an $8,000 tax rebate, well, the answer to that is, pardon my French, 'Hell, no,' " she said. "That's not going to help me out." Carolyn Morse, president of Powerlung Inc., a Houston medical-device manufacturer, said she hopes a tax credit would help alleviate the cost of paying 100% of health-care expenses for her six employees. "I would be in a better position to maintain a status quo, rather than go to my employees and say, 'Guys, you're going to have to pay,' " Ms. Morse said. |
This isn't about helping small business this is about pushing people to Obamacare and small business owners realize the terms at least in the house bill is ridiculous. Even those open to the idea have problems with it.
| The price of health insurance is a big concern for Mike Draper, president of Smash, a print-screening and design firm in Des Moines, Iowa. Unlike some business owners, Mr. Draper, who pays 100% of the premiums for his 15 workers, supports a mandate requiring employers to provide health insurance -- as long as small companies get to offer better insurance plans at a more attractive price. "If the government offers to pay for 50% of my insurance, I'll say 'sure,' " Mr. Draper said. "But from a macro level, I don't see how that will bring cost down -- that's just selling the same crap but subsidizing it." |
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