ObamaCare, where's the money coming from? in the
Cannabis Cafe forums; Are there are any adults in here willing put their politics aside and explain where the insurance companies are going ...
ObamaCare, where's the money coming from?
Are there are any adults in here willing put their politics aside and explain where the insurance companies are going to make up the lost revenue of dropped policy premiums from small businesses.
Below is the governments penalty (tax) structure.
"Not obtaining insurance in 2014 will cost a person $95 or 1% of his or her income, whichever is higher. In 2015, it's $325, or 2% of income. For families, the penalty will be $285 per household or 1% of income, whichever is greater. By 2016, it goes up to $2,085 per family or 2.5% of income. Penalties will rise each year"
I own a typical small business (under 50 employees) in California, I'm not mandated by state or federal law to provide healthcare insurance to any of my employees but this is what I choose to pay for their healthcare plans.
Between me, my wife and employees, I pay close to $5k a month for an HMO (Kaiser).
Now that the ACA is law, I can rest assured that my employees and their families will have healthcare. They can also now afford to pay the 1% annual penalty tax of approx. $500 - $2,085, even if I decide to cover their penalties (taxes) I will save $20,000-$50,000 a year, if I don't there is no question that their taxes will go up substantially.
I'm sure most all small businesses will make a calculated decision and follow suit.
Our insurance company is getting about $58,000 a year for seven policies, with the ACA fines, (taxes) in 2013-2014 the federal government collects about $3,500 a year, where's the remaining $53,000 coming from?
Your missing the penalty you would face also which doesn't cover it, essentially the government is just stealing our money for no damn reason as always.
There is no penalty for small businesses under 50 employees.
Originally Posted by deprave
the fail hurt so badly in the other thread that you started a new one?
Errors on the way this bill was setup was pointed out from the beginning, this was a "Kansas City shuffle" policy form the get go.
You must have missed the first sentence of the OP where I mentioned adults!
Originally Posted by UncleBuck
I made you look like the big mouth fool you are on the other thread, no, I take that back, you did it for me.
Where's all the pro Obamacare supporters and their deficit saving talking points now that the facts are smashing them in the teeth? Why won't you admit the government sold you dolts a bill of goods that was an outright lie.
If any of you received your healthcare insurance from your employer, your taxes just went up through the roof.
It's not stealing when they do it...it's magic.
Originally Posted by deprave
AN ACT OF RESPECT WHEN DEMANDED BECOMES AN ACT OF SUBMISSION