Employers made penalty payments of only about $7 million in the past year, so are they opting to pay penalties versus providing insurance? Is it cheaper to pay a penalty than to provide coverage? In a downtime for the economy it's getting difficult to force compliance when the money is just not there. Another blogger wrote yesterday on how the feds have been asked to help out as well.
Once more it all comes around to someone, somewhere paying the bill. BD
Businesses are balking at a proposed state regulation that, a leading retail group says, will force small companies to spend thousand of dollars more in health insurance for their workers, and could lead many employers to drop coverage altogether. Proposed rules, issued yesterday by Governor Deval Patrick's administration, are intended to help close a gap in funding the landmark healthcare law. The regulations, if adopted, would take effect Oct. 1, and raise about $45 million this fiscal year, according to documents made public yesterday. A public hearing is scheduled for Sept. 5.
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