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The New Health Care Legislation: Employer Tax Credits

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The famous/infamous health care legislation has been passed.

Need assistance in response to the legistative bill that states that businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, and increasing to 50 percent by 2014.

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Solution Summary

This solution discusses the new health care legislation and the tax credits that it offers employers with less than 50 employees.

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The uninsured cost our country a nominal amount of money every year. Without healthcare insurance, individuals can't go to the doctor. That in turn translates into illnesses, leading to these individuals having to stay home from school or work until they get better. Unfortunately, these same individuals are also more likely to get sick over and over and die from the inability to afford a doctor's fee. Some view this disadvantage as being barbaric. Health insurance is a right, not a privilege. So say those who believe in quality health care for all regardless of one's background. Others are not so sympathetic; they believe that healthcare is a privilege, not a right. No wonder the debate over health care is one of, if not the main, reason that won president Obama a presidential seat. Once elected, the president vowed to make health care accessible to all; well, he has been delivering. The recent healthcare bill passed the house by a narrow margin. However, more challenges lie ahead as those who oppose "healthcare for all" (republicans) vow to block its passage and "kill the bill" ...

Solution provided by:
Carmel Philistin, MBA/HCM
Education
  • BA, Brooklyn College
  • MBA/HCM, Phoenix University
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