Only the smallest would be exempt from House insurance penalty

07/15/2009 | Wall Street Journal, The · CNN

The health care reform package unveiled Tuesday by House Democrats would penalize all but the smallest companies for failing to provide insurance to their workers. Only firms that pay less than $250,000 in wages would be exempt from an 8% payroll penalty. The bill would put a surtax on wealthy families and includes a public health insurance option. "This bill costs too much, it covers too few and it has way too much government involvement. Small business doesn't want any of those things," said Michelle Dimarob, a lobbyist for the National Federation of Independent Business.

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Wall Street Journal, The · CNN

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