It also helps small businesses over 50 employees and even ones under 50 as they will now have the same purchasing power as a company with a million employees. One of the biggest impediments for small businesses is that they had to pay more than their larger brethren for insurance benefits for their employees since the pool was smaller. If you had a small business, it might cost you 100/employee for plan x. AT&T would probably be paying 30/employee for the same plan because the risk was spread out over more employees. Now that we are all in the same pool, it is much larger and everyone saves money as the risk is spread out over a wider area.
Eric -----Original Message----- From: Michael Dinowitz [mailto:[email protected]] Sent: Wednesday, March 24, 2010 1:35 PM To: cf-community Subject: Re: For those wondering about the immediate effects of the health care bill And if a company wants to stay under that 50 employee bar they can fire old ones for new ones or hire new ones as consultants or temp-to-hire, pushing all of the tax requirements onto them. I see this bill resulting in less employment rather than more. At least less full time, on the books, employment. But it doesn't take effect till the next president's term, right? Maybe Obama, maybe not. -- Michael Dinowitz On Wed, Mar 24, 2010 at 2:04 PM, Eric Roberts <[email protected]> wrote: > > Just in case you didn't bother to read the bill Sam...small businesses that > have under 50 employees are exempted from that. So as a startup, you don't > have to provide insurance benefits and hopefully by the time you can afford > to hire more than 50 employees, you should also be able to afford to provide > insurance benefits ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:313862 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
