Originally Posted by txz4
If you are an employer with 50 or more employees, you will either have to provide health care OR pay a tax of $2000 for every (full time equivalent) employee you have in excess of 30.
It gets better. A full time employee under this law is an employee that works 29 or more hours a week. No problem, just hire part timers below 29. NOPE. You take all of your part time employees, add the hours, and divide by 30. If this works out to 29 or more, then you have to pay healthcare cost or penalty.
What prevents company owners from splitting it into several entities, with staff under 50 employees each. I'd imagine any extra bookkeeping would still be cheaper than providing insurance?