« | »

Businesses Face $100 A Day Fine In Obama-Care

From Fox News:

Business Owners May Face $100-Per-Day Penalty Under ObamaCare

By Kate Rogers | September 09, 2013

Small business owners who thought they were off the hook for ObamaCare regulations until 2015 may be in for an expensive wake-up call next month.

Beginning Oct. 1, any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face up to a $100-per-day fine. The requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size. Going forward, letters are to be distributed to any new hires within 14 days of their starting date, according to the Department of Labor.

Can the letters be written in cursive?

Earlier this summer, the employer mandate, which states that every business with at least 50 or more full-time employees must offer workers acceptable coverage or face a $2,000 penalty per-worker, per-year, was pushed back until 2015. But the Oct. 1 employee-notification deadline stands. Keith McMurdy, partner at FOX Rothschild LLP, says the $100 per-day fine has been “unfortunately overlooked” by many small businesses, and the dollar amount on the penalty comes from the general per-day penalty under the ACA.

“The PPACA has a general $100-a-day penalty for non-compliance. Since this requirement is in the FLSA there are also penalties there. So the general consensus is that some penalty applies and probably the general provision,” McMurdy tells FOXBusiness.com.

Another day, another new discovery in Obama-Care. Apparently, ‘we have to implement it to find out what’s in it.’

Joeseph Dutra, president and CEO of Kimmie Candy Co., has 30 employees and brings in more than $500,000 in revenue annually, which means he has to notify workers of the exchanges by Oct. 1. He had no idea.

“My understanding is that a lot of businesses don’t know what the requirements are under the law,” Dutra says. “So many businesses don’t have a designated HR department.” …

Ray Keating, chief economist for the Small Business & Entrepreneurship Council, says many businesses are likely unaware of this potential fine coming down the pike for failure to comply, and that it’s unclear how the government will be implementing the $100-per-day penalty…

Well, the government probably wants to keep this as quiet as possible. In order to shake down as many businesses as possible. They won’t be spending hundreds of millions of dollars get the word out in this case.

This article was posted by Steve on Tuesday, September 10th, 2013. Comments are currently closed.

6 Responses to “Businesses Face $100 A Day Fine In Obama-Care”

  1. Rusty Shackleford says:

    10,500+ pages of crap with the sole purpose of destroying the private-sector health insurance business–forever.

    It will work as no self-serving plan has ever worked before because of a complicit education system that has dumbed the population down, that listens to what Miley Cypress-tree is doing before they realize they are being had and a media that so desperately desires that we go communist they perpetuate lies on a scale that rivals the old Soviet Union.

    Pretty sickening to think about it. I’m gonna go sailing. Might not come back.

  2. heykev says:

    I’m hearing crickets from almost all Republican “leaders”. If we cannot defund Obamacare now, we deserve the representatives we get.

    I go from being very angry to extremely sad when I ponder this.

  3. Mithrandir says:

    This is what the government does, seek out people for fines and punishment. Remember when the idea of government was for us to get together, and HELP each other get ahead? All the rich ruling class lifetime aristocrats were banished so the people can help the people? Now look at! –nothing but a source of constant punishment and misery.

    Youtube: Yes, we can / Thank you Satan: http://www.youtube.com/watch?v=jqALdkTArqs
    Minute 2:38 “Marker will lash you.”

    That’s right. How does it feel to live under the government lash? The mark of the beast will lash you.

« Front Page | To Top
« | »