Name your poison: how ObamaCare will devastate small business
posted at 3/21/2013 11:44 AM EDT
The NY Times headline is "Questions Abound in Learning to Adjust to Health Care Overhaul".
The only real question is "name your poison": how will a small bakery business with 95 employees take the huge hit with a federal ObamaCare and government bureaucracy gone beserk?
Pay for health insurance for all employees , costing $108,000 in a business making a profit of $200,000? And taking on that much more paperwork ?
Not offer health insurance and let employees find coverage from the government , costing the business $130,000?
Get the employee count under 50 , by outsourcing and hiring part-timers?
(This part time option will be taken by many businesses, which will result in liberal clucking about greedy businesses, and also result in millions signing on for government health care..)
Which option is the best, awaits the intricate regulations and details of the atrocity known as Obamacare , still being worked on by cold leftist anti-free market bureaucrats....
"Rachel Shein and Steve Pilarski, the married owners of the bakery....are weighing their options as the date approaches. “Our revenues are about $8 million, but the food business is a low-margin industry so cutting $108,000 out of our profits, which are just over $200,000, is a big deal,” said Ms. Shein, who is the chief executive. They are evaluating different ways to comply with the new law and finance the expense. "
“It’s ironic that our success meant we could grow,” Ms. Shein said, “and now we will be competing against smaller companies, with 50 employees or fewer, who will be able to charge less per item because they don’t have the financial burden of health insurance.” Prices are currently similar among local competitors, Ms. Shein said, and she says she believes the increase in her prices could affect her sales, possibly significantly.
ObamaCare is a looming disaster.