Wendy's Franchisee Slashes Employee Hours To Sidestep Obamacare

who didnt see this coming when they passed the law?

oh wait, what page was it on? hmmmm

we have to pass it to know whats in it I think was the cry from the lady at the top was it not?

why dont we keep some of the money we borrow from China instead of given BILLIONS of it away to Egypt and a whole host of other nations?

gee ya think?

and if anyone here thinks R's or D's have your best interest at heart you're an idiot.

I would use profanity but I heard it was f*cking banned around these parts

No comment I made addressed this or brought it up.

But since you did:

For firms which do not offer employees any insurance, have more than 50 employees, and have at least one employee receiving insurance subsidies, they must pay a tax of $2000 per subsidized employee. The tax is applied to all of a firm’s employees (after excluding the first 30), not just those that are subsidized. For example a firm with 51 employees would pay $42,000 in new annual taxes, and an additional $2,000 tax for every new hire.

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So I guess you're pretending that "required" is a term you can simply make up or change.

So as we see, employers are indeed required to offer insurance or pay a fine.

And in fact when employers offer insurance they do indeed subsidize it.

So once again, Wall Street Cappers shows that the sweeping grand statements he likes to make have no foundation in fact.

“Free-Rider” Provision

ObamaCare does not impose a straight-forward requirement that employers offer health insurance to workers. Proponents of the new law wanted to avoid the charge that the new law was directly imposing new costs on American business. So, instead, they created a back-door mandate, what they call the “free-rider” provision.

If a firm with at least 50 workers has a full-time employee who is getting federally-subsided insurance through an ”exchange,” then that employer must pay a penalty for failing to offer that worker acceptable insurance on the job. (Workers that are offered qualified coverage by an employer are ineligible for the new insurance subsidies provided in the exchanges.)

The tax is scheduled to begin in 2014 and the Congressional Budget Office estimates it will bring in approximately $10 billion in annual revenue once it’s fully implemented.

Penalties For Failure To Insure

For firms which do not offer insurance any insurance, have more than 50 employees, and have at least one employee receiving insurance subsidies, they must pay a tax of $2000 per subsidized employee. The tax is applied to all of a firm’s employees (after excluding the first 30), not just those that are subsidized. For example a firm with 51 employees would pay $42,000 in new annual taxes, and an additional $2,000 tax for every new hire.

For firms that do offer insurance, the penalty is the lesser of $2,000 for every employee (after exempting the first 30) or $3,000) for every employee receiving a subsidy.

wall, there are so many unintended consequences of this law that it is laughable to really call them unintended.

I just noticed 14 posted something similar above.

Would appreciate your feedback as I think this is an important debate to have.

One thing we should ALL remember is that not all biz with 50 or more employees is some multinational conglomerate. Quite the opposite actually. Also, just because someone is in business doesnt mean they sleep on a bed stuffed with $100 bills.

I'll be interested if anyone can post a link to a provison in ObamaCare that requires employers to both provide and PAY for health insurance of employees.

dj

it doesnt require an employer with 50+ employees do provide a plan. BUT if that employer does not then they pay a fine.

Whats your point by the way?

We've known the issue since Clinton years, then 8 more years for Bush and still nothing ever gets done about it. Right, just blame the other side.....

wall

they may not be required to pay for premiums but they are required to pay a penalty if

1) they dont provide a plan

2) someone cannot afford the plan they offer (plans that actually provide a service are not exactly cheap so many low wage earners may find themselves unable to afford the premiums in which case they go to fed subsidized plan and the employer has to pay a fine) Now the employer can offer a cheap garbage plan that the employee can afford but then they dont get the real services you want them to get.

why should a business be responsible for a persons healthcare? Is that the role that must be thrust open business? or is there another solution that is out there??

 the fact that employers are not required to PAY for healthcare premiums.

Please list a company that provides employer sponsored health insuracne but does not pay any premiums as a part of the compensation package or plan arrangement.

Just one.

Thanks.

did but that does not change my remarks or the fact that employers are not required to PAY for healthcare premiums.

Oh, and that's great. Because nobody was arguing any such thing by the way. So you've spend a bunch of posts making a point about ObamaCare nobody really discussed.

And of course since ObamaCare is driving up premiums, of course you'll do that as a diversion.