July 29, 2015
Another set of burdens being placed on the back of small business, courtesy of ObamaCare..
"Small businesses are once again in the cross-hairs of ObamaCare, particularly the growing small businesses the economy needs to create much-needed jobs.
Starting in 2016, businesses with 51 to 100 employees will face fines of $2,000 to $3,000 a year per employee if they don’t provide ObamaCare-compliant health insurance for their workers. Also starting next year, these companies will be forced into insurance pools that could increase premiums for most of them by an average of 18%.
That means they would be mandated to purchase health insurance that, for most, would be much more expensive.
The change will affect more than 150,000 businesses and more than three million workers."
Ref: Small Businesses Face New ObamaCare Threats - Forbes