7/3/13

Obamacare begins to unravel

"The Obama administration is going to delay enforcing the penalty ($2000 per employee) on businesses with 50 or more employees that fail to provide them with healthcare insurance. This will presumably give businesses time to adjust, but it also conveniently postpones a key and controversial portion of the law until after the 2014 elections," writes Scott Grannis. "This delay shows that there were even more fatal flaws to Obamacare than I thought. How could ...any congressional staffer writing the original law—have failed to realize that exempting businesses with fewer than 50 full-time employees from the penalty, but imposing the full penalty (which would start at $100,000 per year) on any business that goes from 49 to 50 employees, would do anything but create havoc among small businesses, the biggest source of new job creation?" Read more  [Thanks BJS]