I recently discussed the Cook Medical decision of how they are handling the added expense of the 2.3 percent device tax. The Wall Street Journal on July 2nd had an article, Small Firms See Pain in Health Law written by Louise Radnofsky, from another angle regarding the health care law and its effect on small business. The link to the article is below:
Randall Tabor, who owns two Quiznos sandwich restaurants in Virginia Beach, Va., once aspired to triple the number of outlets he owns.
But after the federal health-care overhaul passed in 2010, Mr. Tabor says, he shelved those plans. The law requires that employers with 50 or more full-time workers provide health insurance to employees by 2014 or pay a penalty. Mr. Tabor, who employs 36 people at his two Quiznos shops and another restaurant, wants to stay small so he doesn't trigger the requirement.
Restaurants and retailers face some of the toughest changes now that the Supreme Court has kept the overhaul in place. These industries historically are among the least likely to provide insurance to workers.
Keep Reading Wall Street Journal's Article Here!
J. Robert Saron
President
Bovie Medical Corporation
Read Robert Saron's Recent Blog Discussing Cook Medical Decision Here
Image courtesy of Salvatore Vuono / FreeDigitalPhotos.net
