How will h b 3200 impact employers

This is post #4 related to the health care discussion. Be sure to read the three previous.

Page 74
Qualified employers with fewer than 11 employees shall be eligible to enroll in the Health Insurance Exchange in 2013.
Qualified employers with fewer than 21 employees shall be eligible to enroll in 2014.
Page 133
An employee who enrolls in the employers qualified plan cannot get the affordable credits (mentioned in a previous post) unless the amount charged by the employer is greater than 11% of the family income.
Page 144
If the employee opts out of the employee plan, the company must make a contribution to the Health Information Exchange. The rate paid is discussed below.
Page 145
The employer must provide substantial information to the Health Choices Commissioner, the Sec. of Labor, the Sec. of the Treasury (tax cheat) and the Sec. of HHS. This is modeled after the W-2 form - Name, SS#, were you covered, for how many months....etc
Page 146
If the company provides insurance for the employees, the co. must contribute at least 72.5% for single coverage and 65% for family coverage.
The co. must enroll an employee who fails to make a choice among plans provided by the employer. The plan for this employee must be the one with the lowest premium.
Page 147
The company must provide insurance coverage for part-time employees on a pro-rata basis.
Page 149
If co. does not provide insurance coverage or if the empployee opts out, the co. must pay an amount to the Health Choices Commissioner. The amount is determined by multiplying the applicable percentage times the average wages:

1. less than $250,000 per year 0
2. less than $300,000 per year 2%
3. less than $350,000 per year 4%
4. less than $400,000 per year 6%
5. over $400,000 8%

So if one employee opts out, the co must make a payment for that one employee.
Page 153
If the co. offers coverage, the co. is subject to insurance audits.
Page 189
The co gets a new tax credit. It is equal to 50% of qualified ins. costs. It is phased out:

1. If the average employee compensation is greater than $40,000, the tax cr. = 0
2. If the co has more than 25 employees the tax cr. = 0
3. Wages of any employee earning greater than $80,000 are not available for the credit.

If a co has elected to participate in coverage but later fails (determined by audit?), the co will be fined $100 per day per employee, until the error is corrected.

What a deal for companies!!!!