Author Topic: Why Obamacare will hurt businesses of all kind  (Read 247 times)

mogulgangi

  • Getbig IV
  • ****
  • Posts: 1119
  • fitness celebrity
Why Obamacare will hurt businesses of all kind
« on: November 08, 2012, 07:34:22 PM »
When Obama care is implemented, everyone is going to sign up..it's free..when that happens, insurance companies are going to lose alot of clients, thus a lot of money..since insurance companies have to keep large reserves..due to nature of their business..now they have less money coming in because everyone is in Obama care..the only natural thing to do left is charge higher premiums to their existing customer..premiums in the only way these companies survive..so to the guys that wants the best care now has to pay more because the successful insurance company is not so successful Anymore..

Lets flip this on business...by law if you provide insurance to your employers, you have to pay half of their premium..by law..he pays the other half..now ..because everyone will be on Obama care..insurance premiums will take a hike..now joe the business owner , who offers insurance, has to dig even deeper in his companies bank account to take care of employees..thus losing further profit margin...now, that's if the business is making any money..I feel bad for the business who are making by..

Once Obama care is implemented, a new law from the bill is appearing ..all businesses with 25 more employees have to by law provide insurance....talk about profit margin loss , when insurance rates are sky rocketing, when hiring that 25 employee...joe the business owner will rather keep the money to himself to pay for his daughters college than hire one more guy and have exploiting expenses in his company with people he doesn't know...

Moral of the story..no one will hire more than 25 employees...corporations have been preparing for this for a long time..