Here is the TRUTH for all of you uneducated people who keep cheering on Obama and Obamacare without having a CLUE what is about to happen to you!
75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year.
I guess a lot of you liberals must be loaded and don't care about paying a lot more taxes and having higher premiums, less choices of doctors and being dropped by your companies because it is cheaper for them to just pay a penalty than to insure you.
WAKE UP Obama supporters! Start educating yourselves instead of following blindly off the cliff like sheep!
Common sense 101. This may confuse some of you Obama supporters but try and keep up. The penalty for an employer who does NOT offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay a non-deductible tax of $2000 for all full-time employees. That is it. Just $2000 per employee per year. That comes to about $167 per month. Now look at how much insurance costs companies per employee. Employer costs for private industry workers averaged $2.34 per hour worked for insurance benefits. That comes to approximately $4867 per year or $405 per month for a full time employee.
If you were an employer trying to cut costs which one would you choose. $2000 per year tax penalty or $4867 per employee to pay for their insurance? Companies will be dropping insurance on millions due to Obamacare and you will be left to find your OWN insurance and you will have to pay for it out of your OWN pocket now. And with premiums already on the rise, you will have to choose between getting insurance or paying your own tax penalty at the end of the year for not getting insurance. If not the IRS will force you to pay it and levy a lean on your property and you may face jail time. THIS is what you liberals are cheering about? The media really has you brainwashed don’t they?
Just think if a company canceled insurance for 100 employees they would save over $286,000 per year. Obamacare will cause millions more to become uninsured. Keep cheering liberals.
