I hope everyone had a safe and happy 4th of July, and I wish a belated happy 2nd of July to you history buffs! The celebration of independence had me thinking again- I know, I know be careful right!
I feel the need to share a recent business meeting we had with our insurance agents about the future of health care, because according to recent polls most people still don’t have any idea about the proverbial train that is coming down the tracks right at us, and we are chained to the tracks. The Affordable Health Care Act of 2010 dubbed Obamacare is now the law of the land. What does that have to do with a pool company in Florida you ask…believe me I am asking it too?
First off, let me say how proud of my staff and our agents I am because according to the tests required by Obamacare, we are doing everything correctly- we are providing affordable healthcare to our employees and their families and we have great participation. “Super,” I said but the long faces across the table told me there was another shoe about to drop. Long story short, for being perfect, for giving our employees everything required under Obamacare we get the privilege of charging our people a minimum of 25% more for their coverage beginning in 2014 and costs will only go up from there.
This added 25% is made up of several new taxes, huge new reporting requirements on insurers which drive up costs, fees to pay for the Federally mandated state exchanges for those not getting insurance from their employer, and charges on our company and employees to support those who are going to get government subsidized insurance through the federal programs.
These added costs are a minimum to us despite the fact that we have a “perfect plan” meeting all the requirements of the “Affordable Care Act.” I was told many employers who do not have plans that meet the requirements are looking at 50% to 75% increases or more in 2014. These fees created by Obamacare are going to literally destroy small business in America and small business is the employer of 80% of our Country’s workforce!
It is time for us to tell Washington DC and their big government programs “NO!” and get back to the basics of our founding: Life, Liberty and the Pursuit of Happiness, free from the tyranny created by an overreaching government that is now in control of over 1/6 of the US economy through Obamacare, and doing a horrible job of it.
Post by: Gary Crayton III