That headline in a business chat room following the Supreme Court ruling caught my attention. Here is the rest of the headline…I Own 8 Staffing Companies and Have Placed over 100,000 people the last few years. Often times the goings on in our nation’s capital do not interest me much, but it was kind of hard to ignore this news. As well as the headline in the chat room. And the ruling certainly does have ramifications for employers of all kinds.
On to the chat room. The original poster says he “cannot offer government-approved health insurance to my temporary employees or afford to pay new federal taxes.” Hence the reason for the potential door shuttering, potentially putting nearly 45 people out of work in the process.
As several people pointed out to this staffing agency owner, however, the government won’t require companies with fewer than 50 employees to offer health insurance starting in 2014. Therefore, companies in this size range won’t have to contend with possible fines like their big brothers. But while firms with 50 or fewer workers would be exempt from coverage provisions, they will still have to contend with rising premiums.
The government won’t require companies with fewer than 50 employees to offer health insurance.
Firms employing 50 or more people, but not offering health insurance, will also pay a shared responsibility requirement if the government has had to subsidize an employee’s health care.
In the course of my research I found several opinions from economist types that contend if you employ less than 25 or are self-employed, you may find that the health care reforms actually bring you tax relief.
I was curious about what The Washington Post had to say about upholding the core of the Affordable Care Act. The paper’s editorial board said in this editorial this is good news for the court and the country.
Chief Justice John G. Roberts Jr. was statesmanlike in choosing to side with four more liberal justices in finding that the law’s most controversial provision, the mandate that individuals obtain health insurance, was a constitutional exercise of Congress’s power “to lay and collect taxes.” That solution allows the main provisions of the law to take effect. Even more important, it is respectful, as the court should be, of congressional authority and the democratic process that underlies it.
It is respectful, as the court should be, of congressional authority and the democratic process that underlies it.
By the time many of you read this, I will actually be in Washington, D.C. I think it will be interesting to see what the vibe is like there a day after the ruling.
How do you feel about it? Are there are any staffing agency owners among our Staffing Talk readers who feel the same as that online poster? That Obamacare will force you out of business? We’d love to hear your comments and views, either for or against.