The Market Ticker
Commentary on The Capital Markets- Category [Federal Government]

Things that I read and make me roll on the floor with laughter....

Hey, employers, don’t even think about reimbursing your workers’ health-insurance premiums.

Beginning this month, the IRS can levy fines amounting to $100 per worker per day or $36,500 per worker per year, with a maximum of $500,000 per firm.

Waiit -- what?

This penalty amount is not written into Obamacare.  It's simply an administrative decision.  It applies to any company that reimburses health insurance expenses for their employees -- which a number of smaller firms do, rather than provide plans.

So what will these firms do?  Drop their reimbursements, of course -- right into the maw of 25%+ premium increases that are coming in many markets for the upcoming year.

Sounds like something that will increase health coverage to me.....

smiley

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