Obamacare Regulations Cost Small Businesses Thousands of Dollars

I know Target employees that had their hours cut to lose insurance because of Obama care. I  know Tombstone Pizza Merchandisers had their hours cut because of Obama care. Obama says this law is great today. We know thousands of people lost their healthcare because of this bill. 

Small businesses have struggled to comply with Obamacare regulations that will go into effect in 2016, USA Today reports.

The Affordable Care Act, which as of next Jan. 1 applies to all companies with 50 or more workers, requires owners to track staffers’ hours, absences and how much they spend on health insurance. Many small businesses don’t have the human resources departments or computer systems that large companies have, making it harder to handle the paperwork. On average, complying with the law costs small businesses more than $15,000 a year, according to a survey released a year ago by the National Small Business Association.

 The law is creating extra work for many small businesses.

Companies must track workers’ hours according to rules created by the IRS to determine whether a business is required to offer health insurance to workers averaging 30 hours a week, and their dependents. Companies may be penalized if they’re subject to the law and don’t offer insurance.

Businesses must also track the months an employee is covered by insurance, and the cost of premiums so the government can decide if the coverage is affordable under the law.

http://freebeacon.com/issues/obamacare-regulations-costing-small-businesses-thousands-of-dollars/