“Its already happening. The 40+ workers will find themselves working part time jobs, no insurance, facing death panels, unless theyre a union whore.”
Businesses with more than 50 employees who cannot move a significant number of employees to part time will end their health coverage and pay the $2000 per employee fine to the government. This will allow them to avoid the $6000+ annual cost of insuring an employee. Of course the employee will be required by law to have insurance and will have to buy it on the open market, effectively reducing her/his consumable income. For the business converting from paying health insurance to paying the fine, it is a net plus. Collecting fines is also a plus for the government. Everyone wins except the employee, as usual.
Under these current conditions, I can foresee the best businesses that pay $6000 towards healthcare, offering their employees a $6000 bump in pay in lieu of a raise to cover the $2000 fine, and then the employee gets stuck with 15-30% annual healthcare inflation, and the employer is off the hook.
HR burns a ton of time on Healthcare too. HR expenses would be cut by a third. Proposed taxes on (401k and eliminating the mortgage interest deduction will just kill the working American, who will beg for “justice” from the government. The new normal sucks!!!!
Anyone remember which candidate got the most support from Insurance Companies in 2008? Here's a hint; it was the same candidate that received record setting contributions from British Petroleum.