12 Days of Obamacare Surprises: Increased Employer Penalties

[Valin]

Heritage Foundation : Alyene Senger

December 22, 2012

 

Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next four days, Heritage is going to highlight one of the various changes in Obamacare projections (e.g., cost, enrollment, etc.) from when the law first passed until now.

 

In 2014, Obamacare requires all businesses with 50 or more full-time employees to provide government-approved health coverage for their workers or pay a $2,000 penalty for each employee after the first 30 workers.

 

(Snip)

 

Surprise: Employers are now estimated to pay more than twice the amount in penalties compared to the original estimate. Too bad employers won’t be able to re-gift Obamacare’s mandate.

 

 

 

 

Gosh. Never saw that one coming!