Obamacare | The Government's Takeover of Health Care
Small Businesses Brace for Obamacare Impact
Created on Thursday, 15 May 2014 08:40
Written by Justin Credible
The Obama regime keeps pushing back, illegally, the enforcement of certain aspects of Obamacare. This is done entirely for political reasons, as the 2014 midterm elections near. What can't be hidden are the insane costs small business owners are going to face in the very near future. This hasn't been a secret; it's just that the elite media has done everything in their power not to cover the costly realities of Obamacare for the average American.
From Review Journal:
The changes put as many as 90,000 policies across Nevada at risk of cancellation or nonrenewal this fall, said Las Vegas insurance broker William Wright, president of Chamber Insurance and Benefits. That’s more than three times the 25,000 enrollees affected in October, when Obamacare-compliant plans first hit the market.
Some workers are at higher risk than others of losing company-sponsored coverage. Professional, white-collar companies such as law or engineering firms will bite the bullet and renew at higher prices because they need to compete for scarce skilled labor, Nolimal said.
But moderately skilled or low-skilled people making $8 to $14 an hour working for landscaping businesses, fire-prevention firms or fencing companies could lose work-based coverage because the plans cost so much relative to salaries.
Employees who keep their coverage might see leaner take-home pay, which could hurt the economy.
Nolimal said one business client whose monthly premiums will rise from $160 to $340 in June plans to shift most of the increase onto his employees.
“Just like when you see gasoline prices going up an extra dime a gallon, it takes money out of the economy for things like buying a new stereo or having dinner out on the town,” Nolimal said.
And the increased health care costs will get passed onto consumers, which means money will be taken out of the economy once again to pay for the radical liberal agenda.
Justin Credible is a contributing editor for Habledash.