Political Quotes

“In May of 2012, the House Ways and Means Committee released a report that expounds upon one of the most problematic provisions included in ObamaCare, the mandate on employers with at least 50 full-time equivalent employees to offer ``affordable'' and government-approved health insurance plans to their workers beginning in 2014. Employers with at least 50 full-time equivalent employees who do not offer government-approved coverage must pay $2,000 in fines annually per employee. After 2014, the fine would be indexed to the average per capita premium for health insurance, as determined by the Health and Human Services Secretary. Even if employers do offer government-approved health insurance coverage, they would still be fined if Health and Human Services deems the plan ``unaffordable'' and at least one full-time employee purchases a qualified health plan through an exchange and receives a taxpayer- funded subsidy for their coverage. Seventy-one Fortune 100 companies that responded to the Ways and Means Committee survey included in the 2012 report estimate that they could save $28.6 billion in 2014 by eliminating health insurance coverage for their 5.9 million employees and opting to pay the $2,000 annual fine per employee. This would impact more than 10.2 million employees and dependents on employer-based plans. Under these estimates, from 2014 through 2023, the employers surveyed could save an estimated $422.4 billion.…”