Business owners will face penalties for not insuring employees

There are a couple differences between the penalties and fines that companies would be subjected to by the proposed senate bills.

Businesses with more than 25 employees would be fined $750 per full time employee if they did not offer health insurance. According to the House bill, business with payrolls of more than $400K per year would be forced to provide health insurance for all their employees or suffer an 8% penalty. Businesses with payrolls between $250K and $450K would pay lower penalties but would still endure the consequences. The smaller companies would not be included in the mandate and therefore would not be penalized. What are your thoughts? Should small businesses undergo the same penalties as the larger businesses?

This entry was posted on Thursday, July 16th, 2009 at 2:33 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Business owners will face penalties for not insuring employees”

  1. Bud L on July 17th, 2009 at 8:23 am

    SOUNDS LIKE MICROMANAGED SOCIAL ENGINEERING. OH, AND YOU CAN ONLY HAVE 2 CHILDREN OR YOU WILL BE FINED. AND YOU MUST EXERCISE AT LEAST 1 HOUR EACH DAY HAVING ACHIEVED SPECIFIED AEROBIC GOALS OR YOU WILL PAY HIGHER TAXES (YOU WILL BE SUBJECT TO RANDOM TESTING BY GOV’T EMPLOYEES). YADA YADA.

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