(CNN) – A coalition of small business owners is speaking out against a provision in the health care reform law that it says will place an unfair burden on their businesses and employees.
The "Stop the HIT" Coalition's campaign is aimed at repealing a provision they've dubbed the "Hidden Insurance Tax (HIT)" - a fee in the Patient Protection and Affordable Care Act that will be levied on insurance companies based on companies' market-share.
But the group says the costs of the tax will ultimately be passed down to consumers, costing small businesses and the self-employed billions in dollars over the next ten years.
The provision is set to go into effect in 2014.
Small businesses are complaining aka GOP-TeaParty buddies GE & BIG OIL are getting tax breaks and tax deductions...how are about the little guy on main street....out teachers, firefighters, police officers whom the GOP governors are asking to pay more for HealthCare under the guise of UNION-BUSTING!!!
There's basically nothing about Obamacare that isn't a catastrophe either in process or in waiting. It needs to be repealed, ruled unconstitutional, or nullified now.
DewyB, Good for you!
Why anyone would even consider working for a business that doesn't support the health of its employees thru health care coverage is beyond my comprehension. Even burger flippers at fast food restaurants get health coverage.
Those of you who don't own a small business have no business making comments here. Once this so called "Afforadable" monstrosity hits my small well drilling and system business I'll go broke or just pay the fine at $3 per employee. That means I'll have to let three people go to pay for the rest. We don't all make a million dollars a year like you people think.
The real infomation passed on by this story is that the Insurance industry are passing on any taxes or increases on to us, to protect their vast bloated profits. Sounds familiar? Oh yeah, the Oil companies are doing the same thing.
Make the healthcare industry non-profit, and it solves a massive amount of problems.
This sounds like another ploy by the billionaire Koch brothers to prevent something they apparently are intensely against....health care for all Americans.
Uhm, excuse me!! Ah, where the heck were they when a healthcare program was being proposed as a means to lift the burden from many of them? They let the TeaPublicans speak speak for them, didn't they. They wanted the Gov't out of their businesses didn't they. Oh heck no!! It's time for Small businesses to shut up or stand up and ask for a healthcare system that takes care of all of us and not have them to foot the bill. Hypocrites. Can't have it both ways folks.
@November 2010 Where did you come up with this exception information. Please site a report or website which has this listed as fact
I like the debate about Medicare and Social Security. Everyone seems to love them, but these same people ignore the fact they will be bankrupt in the next 30 years. I hear seniors all the time saying they want the same benefits for their kids and grandkids. Well, great...we would love to have them. However, without changes, there will be no benefits...forget just a cut in the benefits. I'm not saying Ryan's plan is perfect, or that I would even vote for it if in the Senate, but at least it's a start to true reform discussions.
These Business just want to save a quick buck by not providing their workers with health care, even though the government is giving small businesses tax credits to help them provide health insurance for their workers.
Yes people, Obama and the Democrats LIED TO THE AMERICAN PEOPLE. Obamacare has ZERO to do with reform or cost reduction. It is simply another new healthcare entitlement plan this country cannot afford, especially while Medicare and Medicaid is going belly up. You have all been Obamboozled. the ONLY way to correct this massive fraud is to vote all Democrats and Obama OUT of office in 2012.
BTW, how many THOUSANDS of companies and groups (accounting for MILLIONS of people) have been granted waivers to avoid this disastrous law? If it is so good as the Democrats proclaim, why are people RUNNING FROM IT?
@DWB – the list of those (well ovger 1.000 now) approved for waivers from ACA is right on the Health & Human Services website. A government website.