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Small business owner believes he has figured out a way to avoid layoffs because of the Affordable Care Act
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Ten now -- Obama.
Small businesses are bracing for many business owners across the nation fearing obamacare will give them with no choice.
But to lay off workers but one business owner says he -- figured out a way to outsmart Obama care.
Christiansen joins us nice to see -- -- I Greta good to be with you.
Good to have it is so one of the thresholds -- that this is people are face UNICEF you have fifty employees or more that you have you -- to -- to provide the health insurance so summits some business -- I understand trying to get below the fifty which means layoffs.
Tell me what is your idea or thought to -- bypass -- you have to lay off to get underneath that fifteen number.
Well that my solution is one it was formulated.
A few years ago by a good -- a Silicon Valley.
Thinker called -- Michael Malone in real seminal book called the future arrived yesterday.
And his.
-- was one of of something called a Prodi and corporation.
Which is designed primarily to provide -- -- fast response to changes in the economy or.
Markets or other conditions.
So that their business can be as nimble and and as efficient as as possible.
And as I was -- thinking about.
That the problems that businesses are having with that Obama care in this fifty.
Magic fifty number.
Instead of laying off employees or or moving on to part time or in some extreme case is actually shutting down the business.
I thought that the code -- concept of well basically moving all but a core group of of of people that are responsible.
Four of the essence of the corporation.
You know what its products are how it messages.
You know those kinds of things.
Was a real solution and so idea I've I've basically cost related.
How businesses can.
Convert employees to their own corporations.
-- as a way of getting out from under this obamacare.
-- -- so let's see a 75 employees they're worried because you you wanna get under the fifty.
That all semifinal in theory -- -- five employees could go on May thirty -- become incorporated and then what you have is no longer have 75 employees but you have contracts with individual corporations.
Since 75 different corporations and then you get out from underneath that is that the thinking.
That's essentially the thinking although what would probably happen.
Is some of those -- as people would get together and formed you know a little bit larger corporations.
-- kind of share some of the overhead cost and and some of those kinds of things.
But the important thing is that.
You know we we we got into this this mess through.
You know back in World War II when companies were trying to pay their people more but couldn't because a wage and price controls.
And so the work around for that was two provide health insurance as a way to artificially raise that compensate the overall compensation.
And that's continued and continued and now we have Obama care as yet more government got kind of meddling in -- in the economy.
And businesses are gonna need to be really creative and innovative in devising.
You know strata -- we're dealing with that.
-- are they're gonna have to either lay off or pay the health insurance and reduce that profit or whatever anyway.
Thought they -- -- Lebanon according to see a lot about workarounds -- -- -- -- sloppy but then try to figure out a way around this thank you sir absolutely thank you.
