Are you confused about Obamacare? Sick of listening to spin when your life is on the line? We thought so. It is still difficult to obtain a concise, clear picture on what is happening to America's health care. We gather below a few critical snippets of information which point to more impending disaster for the individually insured.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop. Sometimes events are just tidbits of more injustice, absurdities and disaster.
Using insurance premium cost projections supplied by the nonpartisan Congressional Budget Office (CBO), the study states that the credit reaches its optimal point at 13 workers, with relief peaking at $36,400 for qualifying business.
After the 13th worker the economics surrounding the credit change, the study says.
For employers with 15 workers, taking on an additional hire will reduce the credit by $1,400. For a company looking to expand from 20 to 21 workers, the credit will shrink by $3,733. And businesses will take a $5,600 reduction on the credit when hiring the 25th worker.
The credit phases out for companies with at least 26 employees.
Ah, the irony. Lucky 13 again. Here is the original hire tax credit:
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