Obamacare the Destroyer: How It Has Hurt Small Business
“We, the small business owners, are the last truly repressed minorities in America today. We used to be the engine of the economy, representing the bulk of new jobs created as well as solidly retained, in some cases lasting a person’s entire life, working for just one single employer.
Much has been said regarding Obamacare’s individual mandate – its stiff penalties that increase overtime, the stratospheric rise in premiums and deductibles – but there has been little coverage of how it has negatively impacted workplaces across the country from a business owner’s POV.
Most businesses – not all – already provided insurance to their seasoned full-time staff. It wouldn’t seem that outlandish, therefore, to force them to do what was already being done. This is not true. The business always had the option of stopping coverage or modifying it if the need arose due to slipping sales.
Forcing a private entity, in this case a business, is never morally appropriate. Number one: it is private. Its owners have inherent sovereign freedoms. Obama didn’t seem to care about individual freedoms. Force, the act of prying into the life of another, dictating terms by fiat under penalty of threat and violence, was morally acceptable to this man, who had never felt the heat of having to cut a single payroll or come up with a quarterly tax to the feds or the state.
But that isn’t the reason for this article. Individuals also were subjugated by Obama in the same way to buy insurance, pay a tax, or refuse both and go to jail.
What the media never explained to people, as they never do about employers, were all the regulations that sent small businesses spinning into chaos who now had to buy expensive tracking software and monitor all their employees or face huge fines.
First, we had to deal with the 9.5% “affordability” penalty, whereby an employee could never be forced to pay more than 9.5% of his gross earnings to health care costs. That was revised slightly higher to 9.6% this fiscal year. What it did was force employers to track an employee’s wage every month to see if his earnings exceeded that artificial benchmark. It left us scrambling constantly, discussing rate increase with our brokers as well as allocated hours to make sure we didn’t screw it up. The vigilance of such regulations was hugely demanding of our time…..” Please read on: