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And that the costs of unfolding health care law is staring businesses throughout the country.
And some of those businesses are now so -- the IRS for obamacare provisions.
Which they say could put them out of business one of the plaintiffs in that lawsuit against Yaris joins us now doctor -- -- he is CEO of you know there.
Health advocates doctor thank you for joining us so yours is the first of all explain what your business -- small business in Missouri exactly what do you do.
I -- I'm a small business I am a physician.
There are five positions in my group we have five offices five nurse practitioners.
There's no -- we we take -- do you trust you have 55 employees working for you you wanna give them.
And insurance program on your -- but the new health care law prevents you from doing that why.
The the bill was designed by the congress to draw.
States intuit said it set up the state based exchanges and the incentive is to deliver this subsidy for it.
They business mandate through the exchange.
Specifically written that way that subsidy to the to the beneficiary triggers that the penalty to the employer.
And since 33 states decided not to participate in this state based exchanges.
The IRS decided.
It could write law and and rewrote the law to include the federal exchanges in that sub cities slash fine.
Proposal -- -- let me just -- stuff viewers because this isn't the easiest thing in the world to wrap your head around.
Missouri is one of those 33 states that decided not to participate in this state exchanges.
To sort of spare their small businesses from that that business mandate that either forces you to provide this big insurance package.
Or pay a fine however the -- is said even if you're not.
In one of those state exchanges you still have to pay a fine if you're small business right.
That's that's exactly corrected its subject me to.
2000 dollars 1055101000.
Dollars a year in -- now I'm I'm a solid citizen I'm not a criminal I don't need to be find.
Plus it it forces my employees to to accept a more expensive benefit plan the government plan and one that's full of regulation.
And it's actually on health it's less healthy a benefit plan.
Now the governments that we have famously President Obama said if you like your health care plan.
Whether an employer employee can stick -- that this is clearly an example of how that's not true.
It's it's not true now I -- it's not -- business -- I'm a doctor -- take care folks so it's really going to be hard.
For me -- not insure my employees I'll I'll fight to the tooth.
And nail but might benefit design will be such that my employees will have incentive to become and remain healthy.
And if they do so they'll have money left in.
In their health savings account so it will give them -- -- should be.
To keep themselves insured over their lifetime.
Okay now even though this this plant supposedly was -- it was going to prevent small business owners like you from paying that fine.
You would have to pay the fine either batter or offer out an insurance program that you really can afford that means one point one million dollar hit for you.
Can you afford that could you could you survive picture business survive -- at one point one million dollar hit.
No it couldn't not -- and not at all -- your business and those 55 employees would be out of work.
You know again will fight tooth and nail to stay -- but this is this is RS it's it's -- it's really bad we need this suit to win so that's.
So -- -- liberated from that.
Doctor -- and let us know what happens doctor chuck wiley CEO of you know bear health advocates in Missouri we appreciate you coming in thank you very much.
Thank you David --
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