Quote:
Originally Posted by Anteater
From my perspective as someone who has spent some time in the insurance industry and who is currently involved in a business startup here in the U.S., ObamaCare is going to be hell for any business with more than a handful of employees. Mandating healthcare and forcing businesses to provide it for full-time employees = fewer people getting hired and full-time employees getting their hours cut so that X business can avoid the mandate completely.
From what I can tell, we're already starting to see a reaction from all kinds of industries: it stands to reason that we'll be hearing more and more of people getting their hours cut at whatever medium or large business they happen to be working for. :/
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I also hear another work around is that businesses will be firing employees and re-hiring them as independent contractors so that they file a 1099. I'm not sure if that loop hole will work but small businesses are getting creative to get out of paying the taxes for Obamacare.