MADISON, Wis. (WTAQ) - Some small business owners are raising questions about having to comply with the new health care reform law. Several are echoing Republican critics who say it's big government intervention that will hurt small businesses as well as an already suffering economy.
Wisconsin Democratic Congressman Ron Kind disputes that claim. He says small business owners with 50 or fewer workers are not required to offer health insurance, but are allowed to go into the insurance exchange and shop around for a plan that makes sense. He adds that they’ll get a 50 percent tax credit for out of pocket expenses to afford health coverage.
The law does hit employers with 50 or more workers with an annual $2,000 per employee fee if the company doesn't insure them, and the government ends up subsidizing their workers' coverage.