The closer Obamacare gets to full implementation, businesses get more creative in finding ways to wriggle out of it.
The Affordable Care Act, otherwise known as Obamacare, has many businesses scrambling to find ways to free themselves from the new regulations.
As reported in an article by Sally Pipes for Forbes.com—U.S. Companies Engage In Financial Jiu-Jitsu To Get Around Obamacare—companies are “wasting no time finding ways to free themselves from the law’s strictures.”
Cutting hours, moving people to part-time and hiring contract workers are some ways companies are skirting the mandate. The new law, which goes into full force on Jan 1, 2014, requires that businesses with more than 50 employees offer health insurance to employees that work over 30 hours a week or face fines.