Saturday, December 19, 2015

Noshville Deli Is Closing in Part Because of Obamacare

But when Loventhal learned he would be faced with the added expense of providing his more than 50

employees with health insurance come Jan. 1—he estimated it would cost between $70,000 and $100,000 annually—Loventhal decided to close Noshville’s doors before the provision of Obamacare overseeing businesses, the employer mandate, goes fully into effect.
“It’s an onerous bill, and for a small business, it’s a lot of time [to comply],” he said. “I’ve been studying this for three years, and I really couldn’t come up with a good answer, and I feel sorry for closing this business.”
A ‘Healthy Dose of Reality’

Under Obamacare’s employer mandate, businesses with more than 50 employees working more than 30 hours per week will be required to provide health insurance to its workers.

On Jan. 1, 2015, the employer mandate went into effect for businesses with more than 100 employees, and on Jan. 1, 2016, those rules will apply for those with more than 50 employees. (link)

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