Some Small Businesses Feel Misled by Obama Health Care Law

This employer found that there was no benefit even though he was told help was on the way. I also checked the closing of the Part D Donut Hole for drugs for retirees. This year $250 of the $3,500 hole is given as a rebate, whereas in 2011, the drug companies have to reduce the price of their drugs by 50%. In ten years the companies have to close the hole completely. This agreement was made with the companies under threat of more adverse regulations.

If you are a small business owner with health care costs out of control,or just someone interested in how the ObamaCare effects you, try this calculator here.

Excerpt: Zach Hoffman was confident his small business would qualify for a new tax cut in President Barack Obama's health care overhaul law.

But when he ran the numbers, Hoffman discovered that his office furniture company wouldn't get any assistance with the $79,200 it pays annually in premiums for its 24 employees. "It leaves you with this feeling of a bait-and-switch," he said.

When the administration unveiled the small business tax credit earlier this week, officials touted its "broad eligibility" for companies with fewer than 25 workers and average annual wages under $50,000 that provide health coverage. Hoffman's workers earn an average of $35,000 a year, which makes it all the more difficult to understand why his company didn't qualify.

Lost in the fine print: The credit drops off sharply once a company gets above 10 workers and $25,000 average annual Read article here.