Originally posted by no1marauder
How exactly could the health care reform possibly increase costs to a business the size of the one bbarr mentioned?
http://www.washingtonexaminer.com/opinion/Obamacare-would-hurt-small-business-7954840-50488667.html
The last think stuggling small businesses need now is yet another employer from the government, but they will be getting a big one if Congress passes Obamacare. And the last thing the economy needs is more unemployment, which this budget-busting, jobs-killing bill virtually assures. The CBO initially estimated the cost of Obamacare at a staggering $1 trillion to insure 16 million of the 43.8 million Americans now without health insurance. According to the Heritage Foundation, Senate Health, Education, Labor and Pensions Committee staffers reworked the original unpalatable draft to get the price down to $597 billion to insure 20 million people by 2019. They did so by dramatically reducing subsidy levels, and also by adding a proposal requiring small companies with more than 25 employees to offer health care coverage or pay $750 per employee. Terry Neese, at the National Center for Policy analysis, says small business owners like her are worred that this provision, in addition to an Obama administration proposal to mandate sick leave for companies with 25 employees (the current threshhold is 50 employees) will force them to lay off workers. "A lumber yard owner in Georgia who has 29 employees told me that he will have to let four people go," Neese told "The Examiner". Small businesses have already been hit hard by the recession. According to the Bureau of Labor Statistics, 35% of net job losses during the first three quarters of 2008 were at firms with fewer than 20 employees, unlike conditions after 9/11 when small companies accounted for less than one percent of net job loses. Obamacare will hit small businesses hard when they are already down. In 1989, Larry Summers, now Obama's director of the National Economic Council, wrote, "There is no sense in which benefits become "free" just because the government mandates that employers offer them to workers.....so they are likely to create unemployement." Small businesses need family, friendly, flexible, portable, and affordable health insurance for their employees. While Obamacare tantalizingly offers some small firms subsidized relief from rising health care costs in the short term, in the long term it will force up their taxes and add yet another burdensome government mandate that will wind up costing many employees their jobs.