Check the facts on Obamacare
Get the facts, folks. The Oct. 30 letter to The News-Review titled “Ready to have your hrs. cut” contains no facts. It states businesses will be required to pay an increased amount for health insurance for employees who work more than 28 hours a week, otherwise the business will be fined. This is not true.
Fact: The Affordable Care Act, aka Obamacare, states that small businesses already providing health care will not be affected.
Fact: Penalties for not providing health coverage apply only to employers with 50 or more employees; Walmart, for example. I’m not sure how many restaurant owners in Douglas County have 50 or more employees. Not many.
Fact: Many small companies with 25 or fewer full-time employees are eligible for tax credits of up to 35 percent from now through 2013 and up to 50 percent for 2014 and beyond. These credits apply to companies with fewer than 25 full-time employees whose salary is less than $50,000. What’s wrong with tax credits?
Probably very few of our restaurant workers in Douglas County make $50,000. So employers who choose to provide health insurance to their employees will be eligible for these tax credits.
Companies with 50 or more workers that don’t provide coverage will be subject to a fine of $2,000 to $3,000 per year per employee. This is called the Free Rider Penalty; that’s a good name for those companies, “free riders.”
What’s wrong with requiring employers with 50 or more employees to provide health insurance for their employees? I say, “Nothing!” Obamacare also prohibits cuts to guaranteed Medicare benefits.
All these facts are on the AARP website. Remember, letters to the Public Forum often don’t necessarily contain the facts. Be sure to check the facts before rushing to judgment.
Vincent E. Renyer