When you look at small, micro businesses like mine- less than 100,000 per year in net profits- and you define it as a "large" business because we have more than 50 employees, you are doing the employees of the company a disservice. Consider this:
We are a staffing agency with 4 full time people and 80 temporary workers.
Recently, we requested a quote on the cost of providing health insurance to all of our staff: $15,000 per month.
Our staff are low wage health care workers. Their portion of the premium can not exceed 9.5% of their "household income."
In order to meet this requirement, our comany would have to pay $9,400 monthly in premiums. The workers would be responsible for the rest.
$9400 x 12 months= $112,800. Last year our company made 96,440 in net profits. When you subtract the health premiums from the net profits, you get -$16,360.
Now, if we don't offer benefits, and one of our workers goes to the state exchange for benefits, we have to pay 2000 for each full time worker. 84 workers x 2000 is $168,000 in penalties. That's even worse.
Third choice, we REDUCE OUR WORKERS HOURS AND HIRE MORE PEOPLE. Our model has changed going into 2013. We now spend more money recruiting new people, because I now need a workforce of 160 temp workers. No one is permitted more than 29 hours.
This way, we don't go broke. It was the only choice. So, while I understand that corporations like Papa Johns may have more profits to play with, it is a TOTAL IGNORANT MORON who claims that employers are greedy when they reduce their workers hours rather than be subject to Obamacare.
It is not greed for the small business owner like me. It is self preservation.
Yes it took 2 days.
