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shaunsimpson ●
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shaunsimpson said...
A friend of mine owns a multistate business. I was out to dinner with him and 12 others so I didn't get into it, but he said that he is going to have to lay off 5 people to get under 50 employees in Columbus and is going to have to split his company into three companies - one for each state.
What are the costs and why is this beneficial? Or are the details even known yet?
minsterbuckeye
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shaunsimpson ●
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shaunsimpson said...
I promise you this is not a made up story. It is a printing company. He said that the it would make sense since he would need to stay under 50. I don't know how they will since they already have insurance that they contribute. It very well could be that he will save money by getting rid of insurance and just putting it on employees to get their own? If this is the case than it would Benifit smaller companies. I really don't know the answer.
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shaunsimpson ●
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shaunsimpson said...
If he is already covering the employees is there an extra cost now or is he able to take advantage of the new law? My insurance knowledge is about as deep as I get a bill when I go to the doctor and sometimes it is paid and sometimes not.
He made it sound like a bad thing but it sounds like it could save him a lot. Of course the risk of losing good employees seems to be there.
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shaunsimpson said...
I promise you this is not a made up story. It is a printing company. He said that the it would make sense since he would need to stay under 50. I don't know how they will since they already have insurance that they contribute. It very well could be that he will save money by getting rid of insurance and just putting it on employees to get their own? If this is the case than it would Benifit smaller companies. I really don't know the answer.
Though often asked, God does not take sides in politics or college football.
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shaunsimpson ●
- 5 stars Rating: 88
3168 votes total - Shaun Simpson
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shaunsimpson said...
A friend of mine owns a multistate business. I was out to dinner with him and 12 others so I didn't get into it, but he said that he is going to have to lay off 5 people to get under 50 employees in Columbus and is going to have to split his company into three companies - one for each state.
What are the costs and why is this beneficial? Or are the details even known yet?

What is the obamacare cost to business?