Friday, March 22, 2013

Obamacare May Cost Small Business 'Whiners' 65% of Annual Profits

Obamacare May Cost Small Business 'Whiners' 65% of Annual Profits

The owners estimate that the cost of compliance would be $108,000 per year plus $10,000 in overhead to manage the plan. The cost of paying the fine for not offering insurance would be $130,000. So they have a choice between losing 64% or 65% of their annual profits.