It looks like (who really knows what's in it for sure <g>) any combination of employees working a total of 120 hours in a month will result in a "one employee" fine for that month ($2000/12) if they're not offered coverage. So 4 employees working 60 hours a month would be 240 hours and two ($2000/12) fines for that month, and 5 employees working 48 hours a month each would be the same fine. So it would seem to be encouraging more employees working fewer hours... artificially reducing the "unemployment rate" on the one hand, while on the other widening the wealth gap even more. Not well thought out at all in my opinion.<quoted text>
Is is a flat fine or per employee fine, Tone?
Up to $2,000 per employee per year (or $2000 per 1440 hours of multiple employees per year).
[QUOTE] They can cut their employees back to under 50 or cut the hours per employee to under 28 per week to avoid any employer provided health insurance,
It's essentially a tax on the working poor (people who make enough that the fine would exceed the cost of insurance probably already have insurance).but that will cost the individual a fortune and many of them will chose to pay the fine.
The exchanges aren't "Obamacare", they're minimalist policies offered by the very same companies that offer "real" insurance with the same providers lists.Quality of care is going to drop as doctors leave medicine or just refuse to accept medicare and Obamacare.
You too.Or they can restructure the company into several smaller ones, each with only 49 employees and skirt it. What a friggin nightmare this is going to be. Stay well.