Moderator: Stoic Guardian
lizbethrose wrote:I don't know if you're defined as a small business owner, given 120 employees, but there are tax credits offered to sbos under the Health Reform Act, along with other 'incentives.' What changes do you see coming in the future as a result of the SCOTUS decision? Do you think any of your employees would choose to drop the insurance you offer them if they were offered a comparable plan at the same price without your subsidies, assuming they knew how much it costs you to offer them health insurance?
As for you, my friend, stay in the best of health and include the cost of future health care in your retirement plan. As long as you pay for your care, no one is going to bother you. The IRS won't ding you as long as you pay up front. At least, that's how I understand it.
Flannel Jesus wrote:Sounds like you've been put between a rock and a hard place with this new law, Jamazing. Overhead has increased to the point where costs are slowly creeping up, and revenue isn't creeping up to compensate. Contrary to what some good-natured but naive people might say, there in fact isn't always a solution -- sometimes, a certain business model just can't exceed its costs with its revenues. It's a fact of business.
You can consider all possible business models as on a continuum of profitability: some obviously have negative profitability -- things that cost more to produce than you can get for selling them, for example -- and some have positive profitability -- things or services that cost less to produce than they do to sell. Some businesses are right at the teetering edge of that line between positive and negative -- ie close to 0 -- and sometimes, just sometimes, a new law passes that increases the overhead of those businesses just enough to the point where there really is nothing you can do. You now have a losing business, through and through.
I hope that's not the case with your business, but it's clear that you've done the research and it's undeniable that, at the very least, your overhead has gone up. There may be some loopholes in the law, there may be some way you can get over this mess, but there may also be absolutely nothing you can do. Your overhead has gone up. It's not an obfuscation, it's something you've calculated and found to be true. The best we can hope for is that it hasn't gone up so much that you no longer have a profitable business.
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