To my fellow business owners, we now must scramble

My line of work tends not to have part time employees but am curious to hear from those who could.

We all will once again be facing anywhere from 25%-40% medical insurance premium hikes. Will this now be the time where you take a hard look at

paying the penalty to the govt and stop providing medical benefits?

Moving to part timers and cutting the hours of your full time employees?

Moving as many as possible to 1099 contractors?

I'm considering the latter and having my accountant and attorney look into moving to using only contractors so they all become self employed

We face some serious and tough decisions ahead because revenues are not rising, costs are not dropping yet medical costs are killing us and the penalty from the fed govt is not going to help either.

 

That would explain why so many jobs I see advertised are "contract" positions. Meaning, paid by the hour and no benefits.

 

Yes Business should not be paying for medical cover. Its a silly idea. Better have a public health system.

 

Darn, you're going to have to provide health care benefits to your employees.

What a shame.

 

Very true. The very thing conservatives blocked. They have no one but themselves to blame.

 

1: I already do

2: I was looking for feedback from other business owners

 

Increasing your profit margin is always the objective. Just cut back on the champagne and yacht fuel and you'll be just fine. Business screwing over the average worker is nothing new and that's ALWAYS the goal. Now you can use the election as an excuse to extract even more for yourself. Now...that's different.

By the way...."costs" are something that business pawns off on the the worker. We've been suffering through it through all of the corporate outsourcing criminals profit raiding for some time now......welcome to the party. Now, you can cut more throats and increase the champagne supply and blame someone else for doing it. Same old, same old.

 

Yes...a shame indeed. Trimming the fine champagne and yachting schedule is always just awful. We feel for the poor little rich brats.

 

Sure you do. Then why is it going to be such a big problem for you?

Those who treat their employees decently and are already provide health care will be happy that scumbags can no longer undercut them by depriving their employees.

 

I'm going to take a wild guess and say you've never run a business and you've never hired anyone, and therefore have no (*)(*)(*)(*)ing clue what you're talking about.

 

Have you?

 

I'm going to take a wild guess and say you've never lived on the streets and never gotten your job outsourced, and therefore have no friggin' clue as to what you're advocating.

 

lol, homeless.

 

Funny sheet huh?

 

Evidently economic reality is not something that is rampant in the liberal community. Yes, you will see more contractors as that is an avenue to be able to stay in business facing the massive tax hikes in the coming years. Some, like health care manufacturers can pass it on since there are few avenues for a purchaser to go to but if you are not in the health care industry and you have to compete, you have to keep your costs reasonable.

 

It can be, when people who deserve it experience it.

 

I was looking for responses from business owners; not people who are clueless in that regard

 

Do whatever you have to in order to ensure your profit margin stays intact. All these people are now covered under Obamacare one way or the other so its not your responsibility anymore. Make them part-time or cut their hours as long as you don't have to pay for it.

This is exactly why the left passed Obamacare in the first place, to cover those who need it. You stop providing it and they'll need it.

 

the reality is that I again had to use cash to buy inventory and have not drawn a salary for over 2 months. All of my employees continue to be paid. Dodd/Frank made managing cash flow a challenge. But, these words simply fall on deaf ears with you. For some reason you think business owners with under 50 employees are wealthy. Obamacare brings with it some very serious decisions that must be made because once again our health insurance premiums are going to rise by 25%-40%

In a down economy, which we still are, you can't simply absorb an additional $300 per month per employee.

 

Medical costs will go down once the people without insurance stop going to the ER for free care. ER visits cost an average of $1500 and a traditional doctors visit costs about $155.

 

But Obamacare isn't health insurance. It's a penalty to businesses if you don't provide health care and then, employees who lost health care, and don't buy their own, also pay a penalty. It's a fast track to single payer which is what the liberals wanted all along.

I could take what I was paying toward health care, subtract the penalty and give what's left to the employees in the form of salary.

 

You have to protect yourself. The left would rather see your business go under then have you make any cuts to your employees. You are a business owner so you have been labeled as evil and you are now the enemy.

 

how is the business which you started addressing this? You are of course replying from a position of experience, aren't you?

 

LOL, medical costs are not going to go down one red cent. They will probably jack em up to cover the lost revenue. This is a liberal pipe dream and one of the things they "hope" works out in order to not make the ACA bankrupt our country.

 

Why should he be responsible for another adult's healthcare? Because you say so?