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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (109857)3/24/2010 12:30:25 AM
From: Hawkmoon4 Recommendations  Read Replies (4) of 116555
 
Mish,

Had a VERY INTERESTING conversation this evening with a CFO for a local business who employs about 100 people total..

I asked him how this health care bill was going to affect the company he works for.

He told me that he had run the numbers based upon providing health care for all of their employees and realized that he could save the company 1/2 million dollars by just paying the $2000 per employee penalty and not offering any coverage at all.

Is this how the government plans on taking over all health care?

If it's more cost effective for business to just pay the penalty rather than provide coverage, I wonder how many are going to opt for that strategy?

Any other business owners out there have a different view?

Would be interested to know.

Hawk
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