Amidst all of the various mandates and costs that ObamaCare would impose on small businesses, the administration claims that the overhauls’ small-business tax credit would be a great benefit for companies with less than 25 employees and average wages under $50,000 — but the reality is that the tax credit would shrink sharply once a company gets above just 10 workers or $25,000 in average annual wages.
DetailsA new study by Mercer (a leading consulting firm) shows that up to one-third of employers, far more than Congress had assumed, could get hit with penalties from a little-noticed provision of ObamaCare, with employers of low-income workers getting hit the hardest — thereby giving them an incentive to avoid hiring, or keeping, low-income workers.
DetailsA new study by a former head of the Congressional Budget Office says that ObamaCare would make dropping employees’ insurance the sensible choice for the employers of up to 35 million workers — with the workers’ concurrence. These workers would flood into the government-run exchanges, which would then cost about $1 trillion more than projected over the next decade — essentially doubling ObamaCare’s published price and leading to massive new debt.
DetailsIn the wake of ObamaCare’s failure to provide a Medicare “doc fix” and its plans to siphon nearly $1 trillion dollars out of Medicare in the overhaul’s real first decade (2014 to 2023), 42 percent of Texas doctors are now refusing to take new Medicare patients and hundreds are opting out of Medicare altogether.
Details