And then, that employer who does not
Posted By: provide his employee on 2008-10-11
In Reply to: Full coverage based on income for people whose...sm - oldtimer
health insurance will be fined. Obama has not told us how much the fine will be, but how many small business owners are going to be able to afford this if they cannot afford the insurance?
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If I ever receive an email like that from my employer...
..I will IMMEDIATELY begin to send out resumes and when I find another job, I will quit. I will give the courtesy of two weeks' notice, though, because one of us should be professional. However, my association with an employer like this will end immediately.
I don't think Washington gets the fact WE are their employer.....
And to think on September 18, 2008, they were ready to impose Martial Law because our entire economic and political infrastructure was headed toward collapse? THAT'S SCARY. So much for "Land of the Free" eh?
Obama says you can keep your employer health care....
but if you don't have, the government will step in. Under his tax proposals, how long do you think business will be able to afford health care for employees? Not very darned long. So, in the end, he gets what he wants...government controlled health care. He has changed the way he described it to try to end around the socialism tag of universal health care. Nice try, but no cigar. He is not fooling me. But, I don't take every word that falls out of his mouth as gospel like some do either (and I am not singling you out specifically).
Employer provided medical insurance
originated, I believe, during FDR's New Deal. When wages were capped, employers found a way to circumvent this by providing ''sickness insurance'' for their employees, thus giving them a raise without violating the wage caps.
Another example of government meddling. Had they not imposed wage caps, employers would have been able to keep paying their employees and give raises to enable them to afford their own healthcare. But instead, we grew the employer-provided healthcare system we have now and people experience ''job lock,'' unable to move to another employer because of pre-existing conditions which may not be covered by a new company's insurance plan.
Of course it's income, always has been. Same as use of a company car, or executive housing provided by a company (both of which are taxable to the extent they are used outside of actual business activities.) I'm amazed nobody until now has taxed insurance.
Does this constitute a new tax on people earning under $250 thousand (or $235 thousand, or whatever the new number is?)
employer based-programs subsidize insurance...
not just make it available--and therein lies my problem.
my 401K from a previous employer hasn't lost much
but it's in low risk investments, a lot of bonds, and so when things get better, it probably won't rise as quickly as other 401k's. I'm a chicken.
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