I have been saying this since the first draft of ObamaScare was released. We did a quick analysis of the provisions and came to the obvious conclusion. My company currently provides a FREE ‘Cadillac’ plan to all our employees.
At the time ObamaScare was proposed our premiums were $1800/mo per employee for full family coverage (which as I said we provide at no cost to the employee). NOw are premiums are pushing $2100/mo per employee and that is with reducing the plan benefit — Went from NO DEDUCTIBLE and $10 Copay for everything to $200 Annual deductible and $15 copay to keep premiums from hitting $2300 a month.
NOw do the math:
120 employees at $2100 a mo = $252,000 a month for health care * 12 = $3,024,000 a year.
Fine $2000 * 120 = $240,000 a year.
So keep health care and watch the 3 Million a year SPIRAL UPWARD EXPONENTIALLY due to the increasing costs of ObamaScare, or pay the fine and ADD $2.75 million a year to the bottom line.
Fiscally it is as much a no-brainer as there can be.
EXACTLY~ ‘no brainer’ indeed