This is what it would mean for business:
- Employer Mandate: Requires employers to provide insurance or pay a penalty for not doing so. Businesses with more than $500,000 in revenues would pay a penalty of 8% of payroll. There is a graduated penalty for firms falling between $250,000 to $500,000 in revenue.
- Individual Mandate: Individuals and the self-employed are required to buy health insurance or pay a financial penalty, which would be 2.5 percent of income.
- Higher Taxes: A surtax would be imposed on higher-income individuals - many of which are small business owners. Individuals earning $280,000 and couples earning $350,000 would get hit with a 1% tax.
- Government Health Insurance: A government-run health care plan is established.
Note: The above items were provided by the Ohio Chamber of Commerce.
Congressman Space has expressed concerns about this current form of Health Care Reform. We are asking our members to contact him and tell him to stand firm with his current position and not support this issue.
How To Contact Congressman Zack Space:
1. Call his office (202) 225-6265 or
2. Send him an email here.
Please take the time to let him know your opinion on this very important issue.
2 comments:
Heath care in this country is great. If the wealthy in this country are to pay for health insurance for 300 million then why not just have the same wealthy pay for the 40 million uninsured? the other 260 seem okay, right? T
The "other 260 seem ok?" Really? The other 260 million have seen their insurance costs themselves and out of pocket expenses raise 200% over the last 10 years. Independent estimates show that Health Care expenses will be an average of 40% of our incomes within 10 years.
How many of those 260 million have been blindsided by a test that is not covered or finding out that something is considered a pre-existing condition?
As employers who try to provide heatlh care for employees how much have our expenses gone up doing so and how many employees have we lost to jobs with "better benefits"
Health Care is a time bomb for all of us individually and as businesses. Reform is not a luxury it is mandatory.
The biggest mistake many of the Democrats have done has been making this about the "unisured" It is so much more then that.
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