Obamacare: not as seen on TV?
Regular Trog readers already knew this. ObamaCare isn’t the small-business savior it was touted to be:
WASHINGTON (AP) – Zach Hoffman was confident his small business would qualify for a new tax cut in President Barack Obama’s health care overhaul law.
But when he ran the numbers, Hoffman discovered that his office furniture company wouldn’t get any assistance with the $79,200 it pays annually in premiums for its 24 employees. “It leaves you with this feeling of a bait-and-switch,” he said.
When the administration unveiled the small business tax credit earlier this week, officials touted its “broad eligibility” for companies with fewer than 25 workers and average annual wages under $50,000 that provide health coverage. Hoffman’s workers earn an average of $35,000 a year, which makes it all the more difficult to understand why his company didn’t qualify.
Not difficult at all, really. ObamaCare was never going to be as good as advertised. Government-run health care will never be as good as advertised. If you believed otherwise, you’re one of the rubes.
UPDATE - Linked at Fishersville Mike’s.
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