Aug 1, 2012

How to compute your fines if you choose God rather than Obamacare.


If employers don’t change their plans, they will be hit with fines—up to $100 per employee per day. But if they stop providing health coverage, Obamacare’s double whammy means that employers with more than 50 employees could instead be hit with fines for that.
For many, the level of these fines would mean going out of business. Applying the $100 per employee per day fine to Hercules Industries, for example—the family-owned business with 265 employees that is challenging the mandate in Colorado—would mean a fine of $800,000 per month—almost $10 million per year.  If Hercules were to drop its health coverage, forcing its employees into government-run exchanges under Obamacare, it would face a fine on faith of approximately $2,000 per employee per year, for a total of $530,000 per year.

from Morning Bell.

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