Quote from DHOHHI:
Just got off the phone with an acquaintance who is in the insurance business. He just met with a client who has never provided health insurance for the employees. 500+ employees in a cleaning buiness and the annual cost would be in the ballpark of $2.5 million he said. The head of the company was dumbfounded and said "we can't afford that". My friend said they could opt to pay the penalty/tax which would cost $1 million a year.
The monthly penalty is equal to $2,000 divided by 12, multiplied by the number of full-time employees employed during the applicable month, not counting the first 30 full-time employees.
Doing the above calculation give a little more than $83K/month in penalties nd that does come out to $1 million per year.
I was told the company may have to shut down since either outcome would be something that they can't afford. My friend says this will cause many companies (that formerly didn't offer health insurance) to close their doors. Only other option is to jack up what a company charges for their services, products, etc. to try to offset this new expense.
So we may see unemployment creep back up if people start losing more jobs after Odumbocare is fully implemented.
I kept my life n health licenses. An agency owner in my area and I were on the phone recently, and we both are at the conclusion that the math just won't work for businesses. He and I foresee many smaller businesses closing, and larger businesses passing higher costs over to us.
since i live on the coast, i have family visiting again. lol I took them to an island that required a short ferry ride to get to. on the way, I noticed a "stop obama" sticker on an suv, and struck up a conversation with the guy driving it and his family. long story short, he owns a business with several hundred employees. He pointed out to me that he wont be able to provide the insurance, and wont be able to afford the penalties. He's barely making it now from our conversation. After Obastard gets his way with him, he will no longer be profitable, and said he's considering shutting it down. Broke my heart hearing this. Thanks Onazi! You son of a bitch!!!!
when he replied to your ignorant comment. Btw, how do people like you cheerlead for Onazi unless you're mentally deficient enough to not see what he's doing to America?