But when Loventhal learned he would be
faced with the added expense of providing his more than 50
employees
with health insurance come Jan. 1—he estimated it would cost between
$70,000 and $100,000 annually—Loventhal decided to close Noshville’s
doors before the provision of Obamacare overseeing businesses, the
employer mandate, goes fully into effect.
“It’s an onerous bill, and for a
small business, it’s a lot of time [to comply],” he said. “I’ve been
studying this for three years, and I really couldn’t come up with a good
answer, and I feel sorry for closing this business.”
A ‘Healthy Dose of Reality’
Under Obamacare’s employer mandate,
businesses with more than 50 employees working more than 30 hours per
week will be required to provide health insurance to its workers.
On Jan. 1, 2015, the employer mandate
went into effect for businesses with more than 100 employees, and on
Jan. 1, 2016, those rules will apply for those with more than 50
employees. (link)

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