We’re about to enter a new age of chronic under-reimbursed care.
White Castle finds that the new law might cut its net income in half.
The National Federation of Independent Business says that Obamacare’s taxes on small businesses would stifle employment, providing a strong incentive for businesses not to expand beyond 10 or 25 workers.
Obamacare would impose expensive mandates, taxes and regulations on small and mid-sized businesses — and many of these mandates would discourage the hiring of new employees.
A myriad of companies stand to lose millions through Obamacare’s repeal of tax breaks to those who provide drug benefits to retirees.
Obamacare’s increased reporting requirements would require businesses to issue 1099’s whenever they do more than $600 of business with another entity in a year — a tremendous new cost and frustration for businesses with no tangible benefit to anyone.
Democrats reverse field and now say that companies were right to claim millions in loses as a result of the passage of ObamaCare — as these companies also discuss potentially dropping their employees’ health-care plans.
Under Obamacare, businesses would have to issue millions of 1099’s and would have to gather taxpayer identification numbers for every payee or vendor with whom they do $600 in business — swamping them in paperwork.