How old are you?True. It will result in many more. The math is simple. Companies will do better dumping employees on the exchanges where the lower paid ones will get subsidies for new policies than by keeping their old systems. The penalties will be less than the expected premiums. It's pretty simple. Except if you're stupidThe employer mandate, to which you were obviously making a reference, kicks in next year. I've already explained several times on this forum why you tards who think it will result in 93 million people being disenrolled from grandfathered plans are wrong.g5000
When do all the provisions of OBAMACARE kick in?
Employers discontinuing healthcare because their employees can get better coverage at a better price on the exchanges. Sounds like a win for everybody. Thanks for you hard work getting us the availability of reasonably priced healthcare Mr. President Well done.
Employers with 50 or more full time employees can't cancel the health insurance. Or they have to pay an employer shared responsibility payment on their federal income taxes at the end of the year.
Small business with less than 50 full time employees get subsidies from the government to pay for the insurance for their employees.
So there's no incentive or any way for employers to cancel the employee insurance.
Employers will compare the cost of paying higher premiums with the cost of paying the penalty. IN general paying the penalty will be cheaper, and their lower paid employees will qualify for subsidies anyway. Result: Lots of cancelled policies.