The House Bill:
- Requires employers to pay for part of benefits
- exempts small businesses with payroll LESS THAN $500,000
- Penalizes up to 8% of payroll if business doesn't comply
The Senate Health Committee Bill:
- requires employers to OFFER coverage
- Requires employers to pay 60% of premium cost
- exempts employers with FEWER THAN 25 workers
- provides credit to small businesses
If it is only for Full Time employees, the government may find more businesses switching to PT jobs for all but administration - and then they will find people will be getting salaried ending any overtime they may have earned in the past meaning some will actually be getting a pay 'cut'.
But since there will no longer be a FT labor force outside the admin part of the business - unions will be pushed out.
If it doesn't matter, yes you may find businesses hiring more FT workers - but then that will mean fewer people employed at a company which will raise up unemployment rates. After all - if you have to pay the insurance for some one whether ethey are FT or PT, it is cheaper to pay for only one employee instead of two.
oops -- someone didn't think this thru, huh?