A tax increase used to fund Obamacare will reduce private sector employment by 152,000-286,000 by 2023, with about 56 percent of the losses being sustained by small businesses, according to a study by the National Federation of Independent Business.
The NFIB, the nation’s major small business trade group, esimates the new “Health Insurance Tax” will raise the cost of employer-sponsored insurance by 2-3 percent, imposing a cost of nearly $5,000 per family by 2020. While the tax is nominally a “fee” on health insurers, the insurance companies are bound to pass much of the cost on to consumers – meaning businesses and individuals.
But who cares, really. Small business, you gotta pay. Because . . .
Of course, those who don’t lost their jobs will face premium increases.