Obama health care

[ckinchen]

Originally Posted by eman

So if i own a small company that right now pays or partial pays for my employees health insurance . I can now get off cheaper by saying screw my employees. Cancel the insurance, put them on the govt dole (which is what this whole thing is meant to do ) and pay the fine of $750 per employee per year .

Yep and I wonder what the Company's CPA will advice them to do.

[CajunSaint]

Originally Posted by ckinchen

Yep and I wonder what the Company's CPA will advice them to do.

What would your advice be

[ckinchen]

Originally Posted by CajunSaint

What would your advice be

I won't and can't go on record about this for several reasons. But I will say that I will advice my clients to do what is best for their shareholders and puts the most money in their pockets which is always the advice that I give. Any paid advisor that does not do such is not fulfilling their fiduciary duty to their clients. I also personally believe it will take a significant turn of events for our current president not to be here in four years. This four year term in my opinion will be much harder on the southern states and conservatives than his first four years. I suspect he will use his special executive powers (that does not require a vote from the other branches) to push through very radical ideas with no consequence of having to ever be re-elected again. Buckle up America, it will be a very trying time.

[Raymond]

Originally Posted by CajunSaint

What would your advice be

My largest group pays close to $100,000 per year for their employees health insurance coverage. Can't remember what the fine is but lets use $2500.00 per employee x 25 employees = $50,000 reduction, what would you do??? This will effectively push everyone into govt run health care because actuarially, for profit companies cannot operate at a loss but the govt does it everyday!

[Matt G]

Originally Posted by Raymond

My largest group pays close to $100,000 per year for their employees health insurance coverage. Can't remember what the fine is but lets use $2500.00 per employee x 25 employees = $50,000 reduction, what would you do??? This will effectively push everyone into govt run health care because actuarially, for profit companies cannot operate at a loss but the govt does it everyday!

And we all know how well the government run facilities are doing. I mean just look at the VA's.