Obamacare Rapes Small Business

Under Obamacare, employers with fifty or more full-time workers are required to buy full premium health care for all employees working 30-plus hours each week. If owners/managers fail to pay, then a $2,000 penalty is assessed by the IRS for each worker not covered.

Rick Levi owns and runs Consolidated Management Des Moines, IA. The company cafeterias for jails, schools and large offices. Until Obamacare arrived Rick paid $140,000 a year to offer full medical to his 25 managers.

Obamacare is forcing Rick to spend more than $500,000 to buy the same coverage for all 102 of his full-time employees. Had Rick been able to do that before Obamacare he would have already done it, however, there is no way Jose.

So Consolidated drops the health care perk and pays the IRS fine of $144,000 for the remaining 77 full-time employees (yes, Rick will be doing some layoffs and converting full-time workers to part-time).

Gary Epstein, owner of Firstaff Nursing Services Inc. in Bala Cynwyd, PA is on the same track. Gary currently pays $100,000 a year to cover a health care perk. Obamacare would hike that to $600,000 under the wider coverage mandate. Gary will pay a $250,000 fine, instead.  He will also slash employee headcount and hours and still have a tough time keeping the doors open.

Meantime the idiots in the Obama regime maliciously chirp the big lie that Obamacare is a cost cutter and a job maker.  Reality and the effect of the law say otherwise.

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