In fact, it does neither.
Many large companies have already crunched the numbers and figured out it will be cheaper to drop health insurance and pay a fine than it is to continue the much coveted employee benefit.
Now smaller companies are coming to a similar conclusion.
The Heritage Foundation reports:
Thanks to Obamacare, low-skilled job seekers will find it even harder to find work. And low-income areas will find it even more difficult to attract new businesses. That�s the lesson drawn from a new analysis by White Castle, the iconic hamburger chain.
Numbers crunchers there looked at how Obamacare provisions would affect the company�s bottom line. Of particular interest were provisions that hit employers with a $3,000 per employee penalty�even if they offer health insurance�for workers whose household income is low enough and they get subsidized health coverage through a government-run insurance exchange.
Curiously, the penalty for hiring and offering coverage to a low-income worker is 50% higher than the Obamacare penalty ($2,000 per employee) for NOT offering coverage.
What kind of idiot thought that one up? Assess a larger fine for compliance than for non-compliance.
�The net result would be higher unemployment for low- and moderate-income families and higher health insurance costs for their co-workers�the exact opposite of what the bill�s proponents claim is their goal.�
As the White Castle report shows, Obamacare is more likely to hurt than help low-income workers. Additionally, employer penalties create incentives to drop coverage altogether, making a mockery of President Obama�s promise that �if you like it, you can keep it.�
This is what happens when you put someone in charge who lacks real world experience.
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