The Senate’s Health Care Reform… I Mean Takeover. The Facts – Part 2
The Employer Mandate (Sections 1511-1513) : This section of the bill is designed to take money from employers no matter what they do, and to "force" you out of your employee based plan by making it cheaper and easier for employers to drop coverage. Here's how they do it.
Employers with 50 or more employees have to offer "government approved" plans or pay a $750 tax for every full time employee. You will lose the employer contribution part of your premium, because $750 is cheaper than your insurance. Not really a plan designed to lower costs, provide competition or keep you in the insurance you like now is it?
Now, if a full time employee takes a subsidy for a premium he gets from the "insurance exchange" the employer must pay a penalty of $3000, or $750/employee if 25% or more more of their employees qualify and do the same.
Here are the facts as laid out by the Heritage Foundation:
In summary, if a company employs many low-income workers, it can save money by dropping its health plan and paying the $750-per-employee tax or by reducing as many employees as possible to working part-time. However, if a company has mostly middle-income workers, it faces a $3,000-per-year penalty for hiring a worker from a low-income family who elects the subsidy. Also, this penalty applies to the employee's family income, not the income that the employee is paid by any particular company.
Therefore, a company would save $3,000 by hiring someone with a working spouse or a teenager with working parents whose family income is higher instead of a single mother with three children. Even worse, if one-fourth of its employees qualify for a premium subsidy based on income and family size, the company would still pay the $750-per-employee tax whether it offers insurance or not.
The Senate bill would create many perverse incentives that would encourage companies with many low-income employees to drop their health plans entirely. Unlike the lower-income workers who would qualify for the subsidies, higher-income workers would have to obtain coverage on their own with no assistance.[24]
Not exactly as The One is explaining it is it? Call, write, fax, and email to help stop this thing.
The Senate's Health Care Reform… I Mean Takeover. The Facts – Part 3
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