Small Biz. will get fined $750.00 per employee if the dont offer health ins.

[Soul Crusher]

Time, Cost Weigh On Dems' Plan To Overhaul Health Care Now
IBD Editorials ^ | July 7, 2009 | DAVID HOGBERG
Posted on Tuesday, July 07, 2009 9:42:01 PM by Kaslin

Back from their July 4 recess, congressional Democrats face crunch time on health care reform.

The House and Senate are under pressure to pass legislation before a monthlong break in early August. After that, federal budget work will make reform much more difficult.

Meanwhile, Senate Democrats have been scrambling since the nonpartisan Congressional Budget Office scored Sen. Ted Kennedy's partial plan at $1 trillion over 10 years.

Sen. Chris Dodd, D-Conn., acting head of the Health, Education, Labor and Pensions Committee in place of the ailing Kennedy, negotiated a revised — but still incomplete — plan that now costs only $600 billion. It cuts off insurance subsidies at 400% of the federal poverty level from the initial 500%.

Also lowering the price tag: $88 billion in revenue from employer and individual mandates. Firms with 25 or more employees would pay an annual fine for each employee that isn't offered insurance: $750 per full-time worker and $375 per part-time worker.

"We're against mandates, period," said Amanda Austin, director of federal public policy at the National Federation of Independent Businesses. "It doesn't address the fundamental issue of cost — it's a band-aid at best."

As written, Kennedy's plan would leave 36 million uninsured. A big Medicaid expansion will likely be added, but that could raise the final tally to $1 trillion or more.

Meanwhile, Senate Finance Committee Chairman Baucus reportedly has trimmed his plan to $1 trillion — from $1.6 trillion — by ending subsidies at 300% of the poverty line.

(Excerpt) Read more at ibdeditorials.com ...
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Do you guys realize what a tax of $750.00 per employee is on a small business trying to get itself going???

[GigantorX]

Time, Cost Weigh On Dems' Plan To Overhaul Health Care Now
IBD Editorials ^ | July 7, 2009 | DAVID HOGBERG
Posted on Tuesday, July 07, 2009 9:42:01 PM by Kaslin

Back from their July 4 recess, congressional Democrats face crunch time on health care reform.

The House and Senate are under pressure to pass legislation before a monthlong break in early August. After that, federal budget work will make reform much more difficult.

Meanwhile, Senate Democrats have been scrambling since the nonpartisan Congressional Budget Office scored Sen. Ted Kennedy's partial plan at $1 trillion over 10 years.

Sen. Chris Dodd, D-Conn., acting head of the Health, Education, Labor and Pensions Committee in place of the ailing Kennedy, negotiated a revised — but still incomplete — plan that now costs only $600 billion. It cuts off insurance subsidies at 400% of the federal poverty level from the initial 500%.

Also lowering the price tag: $88 billion in revenue from employer and individual mandates. Firms with 25 or more employees would pay an annual fine for each employee that isn't offered insurance: $750 per full-time worker and $375 per part-time worker.

"We're against mandates, period," said Amanda Austin, director of federal public policy at the National Federation of Independent Businesses. "It doesn't address the fundamental issue of cost — it's a band-aid at best."

As written, Kennedy's plan would leave 36 million uninsured. A big Medicaid expansion will likely be added, but that could raise the final tally to $1 trillion or more.

Meanwhile, Senate Finance Committee Chairman Baucus reportedly has trimmed his plan to $1 trillion — from $1.6 trillion — by ending subsidies at 300% of the poverty line.

(Excerpt) Read more at ibdeditorials.com ...
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Do you guys realize what a tax of $750.00 per employee is on a small business trying to get itself going???

1st enforce our border and punish employers harshly for hiring illegal immigrants. This will go a long way in knocking down the "36 million" number. It will also decrease their use of the emergency room for hang nails and coughing fits.

Also, if they are going to fine the employers for not providing health insurance....what happens when the employers simply can't afford it?  If there isn't the "govt" option than do they simply go out of business or cut staff/wages/hours to the point of nothingness? If this is in there to force everyone to the govt's teet than congrats, it's going to do just that. It will also cause that 1 trillion dollar over 10 year number to look like peanuts in just a few short years if this bill is enacted.

This is almost worthless without immigration ENFORCEMENT, no reform, all we need to do is honor our existing laws and constitution in this area and enforce our national sovereignty. Of course (and I'm gonna get a little whacky here, just my opinion) we have segments of the illegal/legal latin crowd who are part of La Raza and other radical groups who want to it all and don't really care what we think, they have many latin politicians in Cali and the border states in their pockets....that's why the Soutomayer things scares me and this health reform scares me....what will we do with those that have broken our laws, leech of the state, take 'dem jobs, lower wages and commit crimes? Give them free health care officially? Is that the plan? I know end my paranoid rant.

Good lord.

[Hereford]

Sooooooo, is there going to be parameters as to what that 'health insurance' entails? Can I offer an insurance plan that has a $20,000 deductable and pays 10% after that?