"Back in 2013, the IRS issued a startling new rule. Any business that doesn't provide insurance but does help employees with the cost of their own insurance will be fined $100 per day — which works out to $36,500 a year — per employee.
"In the bizarre logic of the Obama administration, a company that offers such help is actually providing a group plan, one that doesn't meet ObamaCare's ridiculous array of mandates and regulations.
"Allegedly, the goal of the penalty — which went into effect this month — was to keep businesses from dumping workers into the ObamaCare exchanges. But to small businesses that have been helping their employees in this way for decades, it's a devastating blow.
"This is a brand-new penalty that nobody knew about, and it's huge," Jack Mozloom of the National Federation of Independent Business told The Hill." . . .Read More
The Galen Institute: ObamaCare Co-ops: Cause Célèbre or Costly Conundrum?
. . . "But the 23 co-ops that were created had significant start-up
costs, no experiential data upon which to set premiums, generally had
to pay extra to lease physician and hospital networks, and had few
people in the companies and none on their boards with insurance
experience.
"The idealism has quickly faded. After receiving hundreds of
millions of dollars in government start-up loans, most co-ops are
surviving now on what remains of more than $2 billion in federal
“solvency loans” and on the promise of future “shared risk” payments
that are likely to produce only a fraction of the revenue co-ops have
booked." . . .
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