Tuesday, July 30, 2013

It's All Political



Four facts and an opinion

Fact 1:  The Administration announced, it is delaying until 2015 the requirement that businesses with more than 50 employees provide health insurance to their workers or pay a penalty.


Fact 2:  The Administration did not change the individual mandate, requiring Americans to purchase insurance beginning January 1, 2014, or pay a penalty on their taxes to be filed by April 15, 2015. 


Fact 3:  The Supreme Court ruled that the individual mandate is legal as a tax, but States are not required to participate in the programs outlined in the law.


Fact 4:  2014 is a mid-term Congressional election year.


Opinion: Many small businesses cannot afford the added cost of medical insurance.  They would need to close, or reduce their number of employees to less than 50.  This would impact the already high unemployment rate and cause even more economic strife in an election year. 


On the other hand, the individual mandate will not have an economic impact upon many Americans until they file their 2014 taxes in 2015, months after the mid-term election.


The Administration is playing politics and will do all they can to blame the other party.

1 comment: