OBAMA CARE MISCALCULATION

One of the most heavily promoted piece of Obama Care turns out to be a dismal failure.  The White House endlessly trumped that more than 4 million small business might benefit from the health insurance tax credit.  The promise was that because you would get a tax credit for offering health insurance to their employees businesses would provide insurance as a fringe benefit.

In actuality this did not happen.  Instead of 4 million small businesses only 300,000 filed for the credit and the average was only $1,200.  Far less to make offering insurance to employees.

I have yet to find a client that will spend, for example, $10,000 to save $1,200.

The Supreme Court will hear arguments on Obama Care on March 26 to 28.  We are watching closely and will keep you posted.