Author Topic: Bombshell: White House Rules Employers Can’t Dump Workers into Obamacare  (Read 198 times)

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Offline rangerrebew

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Bombshell: White House Rules Employers Can’t Dump Workers into Obamacare

By eaglerising   / 27 May 2014   / 0 Comments   
 
It figures the Obama administration would wait for a three-day weekend to announce its latest executive rule change to Obamacare (aka the “law of the land”).

This one is a doozy. The implications are so far-reaching that the official White House newspaper, the New York Times, buried the story by Robert Pear on page A12 of the New York edition. Here’s the gist of it:


Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums, but the Obama administration has squelched the idea in a new ruling. Such arrangements do not satisfy the health care law, the administration said, and employers may be subject to a tax penalty of $100 a day — or $36,500 a year — for each employee who goes into the individual marketplace.

 

 
The ruling this month, by the Internal Revenue Service, blocks any wholesale move by employers to dump employees into the exchanges.

[…]

Many employers — some that now offer coverage and some that do not — had concluded that it would be cheaper to provide each employee with a lump sum of money to buy insurance on an exchange, instead of providing coverage directly...

Read more at http://eaglerising.com/6407/bombshell-white-house-rules-employers-cant-dump-workers-obamacare/#fLZmaHMZpr32SMlm.99
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