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Happy New Year, suckers.
That "affordable" health care the Democrats gave us in 2010 - on a reconciliation vote when none of them had read the entire 2,000-plus-page bill - sure keeps getting harder to afford. Of course, since ObamaCare is an unconstitutional mandate on individuals to purchase a product offered by private companies, it's also quite difficult to afford not buying it - even though the product itself continues to devolve further into craptasm.
Welcome to 2016, where the penalty you'll face for not buying a product that's now a bigger ripoff than ever will explode as follows:
And now, ladies and gentlemen, your new, bigger, 2016 ObamaCare penalties
As of January 1, 2016, the Affordable Care Act definition of “small” group employer (for purposes of insurance market size) increases from 50 to 100 employees. One significant impact of this change is that the ACA’s small group rating limitations (e.g., age-banded rates) will apply to employers with 51-100 employees. These employers were previously considered “large” employers so their rates were set using various factors such as claims history, industry and location. In the small group market, carriers can set rates based only on age, family size, geography and tobacco use (although California has prohibited tobacco use as a rating factor).
Under a special transitional rule, however, employers with 51-100 employees who will be re-defined as small employers as of January 1, 2016, will have the option of delaying this impact by renewing their current large group policies on or before October 1, 2016. Since the last date to renew in 2016 will be October 1, many carriers are suggesting that such employers renew by October 1, 2015, so their 12-month renewal date will be October 1, 2016.
Employers with 51-100 Employees: Upcoming ACA Changes in 2016