Side Effects: Let the Employer Penalties Begin
Vivek Rajasekhar /
Fans of Obamacare promised it would be good for small and large employers alike. They should’ve checked with employers first.
Mercer, a human resources consultancy, did just that. Its latest annual survey of businesses finds that “[38 percent] of the nation’s employers…have at least some employees for whom coverage would be considered ‘unaffordable’ under the newly enacted Patient Protection and Affordable Care Act (PPACA).”
Under Obamacare, these employers may get slapped with penalties for not giving these workers what the Feds decide to be an appropriate level of coverage. They don’t really know for sure, though, thanks to Obamacare’s opacity and its Byzantine layers of regulations. (more…)