One of the most heavily promoted piece of Obama Care turns out to be a dismal failure. The White House endlessly trumped that more than 4 million small business might benefit from the health insurance tax credit. The promise was that because you would get a tax credit for offering health insurance to their employees businesses would provide insurance as a fringe benefit.
In actuality this did not happen. Instead of 4 million small businesses only 300,000 filed for the credit and the average was only $1,200. Far less to make offering insurance to employees.
I have yet to find a client that will spend, for example, $10,000 to save $1,200.
The Supreme Court will heard arguments on Obama Care in March. We are watching closely and will keep you posted.
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