Obamacare employer mandate takes effect today

[WHO IS SERAFIN]

Which means more people going to part time and more people losing their job. Bravo to our dear leader!

The Obamacare employer mandate that requires companies with more than 100 employees to offer insurance coverage to 70% of them goes into effect January 1, 2015. Those companies with between 50 and 100 employees will be forced to offer coverage next year.

The employer mandate was delayed a year for political reasons. Employers are not expected to have a problem covering employees, but the reporting requirements to the IRS are a nightmare.

Washington Times:

   But human resources departments will grapple with IRS reporting requirements from day one to document their compliance and avoid tax penalties, a task that can get Byzantine and expensive for companies with lots of part-time workers and seasonal workers, who add up to full-time “equivalents.”

   The employer mandate has been a political football since the health care law passed in 2010, as critics say employers have stopped hiring or cut hours to stay under the mandate’s thresholds.


READ THE REST HERE. http://www.americanthinker.com/blog/2015/01/obamacare_employer_mandate_takes_effect_today.html

 

[Nebulous]

Hmm, everyone needs health coverage and everyone needs an income. There has to be a better way!