Washington Examiner: Obamacare would hurt small business

Examiner:

The last thing struggling small businesses need now is yet another employer mandate from the government, but they’ll be getting a big one if Congress passes the so-called Affordable Health Choices Act, better known as Obamacare. And the last thing the economy needs is more unemployment, which this budget-busting, jobs-killing bill virtually assures. The Congressional Budget Office initially estimated the cost of Obamacare at a staggering $1 trillion to insure 16 million of the 43.8 million Americans now without health insurance. According to the Heritage Foundation, Senate Health, Education, Labor and Pensions Committee staffers reworked the original unpalatable draft to get the price down to $597 billion to insure 20 million people by 2019. They did so by dramatically reducing subsidy levels, and also by adding a proposal requiring small companies with more than 25 employees to offer health coverage or pay a $750 penalty per employee.

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