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Not just phony scandals -- Obama also accusing Republicans of the politically motivated attacks on Obama care.
But many business owners say the dangers of obamacare are all too real -- points CEO Nicholas joins us guys -- -- -- -- -- me back.
I connect I'm the president said that there's misinformation on Obama care and you know about a hundred employees any provide health care insurance to them so tell me is there misinformation.
By the Republicans out there that day at least from your perspective -- to -- out well I don't.
Think -- -- -- in this information there is a lack of information and I think people really need to start paying attention to that these effects is gonna have on the employees.
And it's not just the employers in the employer mandate employees will be infected.
I'm in one of the biggest changes that's coming down the pike is is the characterization of employee contribution.
I historically employees and is about a 130 million of us navigation and insurance from our employers to contribute to our health care plan whether -- be ten.
Fifteen or 20% -- 3% a year to the cost the plan -- -- -- the premium.
That model is now being change that employees are gonna have to contribute a percentage of their gross income.
Up to nine and a half percent.
And that's really gonna hit people's pocketbooks because you had a 50000 dollar employee could really not mean a percent -- affecting paying sixty or 70% cost the health care premium.
And what's gonna happen from a mandate perspective -- company's gonna set up plans.
That are onerous from an economic perspective for the individuals and they ultimately will opt out that once the employees opt out of the plans.
The -- no longer exists and people when -- the companies are not paid about not fine.
I was a relief that you get by not having to do employer mandate for one year from January -- fourteen to attend a fifty does it make any difference in any way to you.
I don't think so I think were all planning for 2014 I think companies are or aren't are -- are planning ahead now and we're just assuming it's gonna come come down and we're just gonna take advantage of that having that one year reprieve.
What offering employees your hundred employees what difference is gonna make having the mandate put -- for a year well I think what's gonna happen is all all employers what ultimately.
Changed the economics around -- complete contribution and we're gonna have to take a look at that as well -- instead of making a percentage of the of the cost of the health care premium it's going to ultimately be percentage of their income.
And -- I was going to get shared.
That's -- the pain is going to get shared.
Nick thank you weren't actually watching this mandate because that's very interesting thank you Brett -- --