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Finding out what’s in it: Obamacare is costing small businesses thousands of dollars to fulfill its complex regulations that they didn’t have to spend beforehand.
The Affordable Care Act, which as of next Jan. 1 applies to all companies with 50 or more workers, requires owners to track staffers’ hours, absences and how much they spend on health insurance. Many small businesses don’t have the human resources departments or computer systems that large companies have, making it harder to handle the paperwork. On average, complying with the law costs small businesses more than $15,000 a year, according to a survey released a year ago by the National Small Business Association. “It’s a horrible hassle,” says Mete, managing partner of the Miami-based company.
And how are these small businesses paying for this? Either they have to raise prices, so that you the customer pay, or they
cut back on workers’ bonuses and raises. “[The employees] understand it didn’t emanate from us,” Patton says. “They’re just disappointed that $25,000 could have gone into a bonus pool.”
Obviously, it is Bush’s fault that this is happening! Who would dream of blaming the Democrats and Obama, even though they wrote this law and were the only ones who voted for it? If Bush hadn’t been President, they would never have done it! In fact, I am sure it is Reagan’s fault also!