Small-business owners shared their stories with federal lawmakers Wednesday about the effects on their operations of the Patient Protection and Affordable Care. And they had very different views.
Some of the business owners, appearing before a Senate Small Business and Entrepreneurship Committee hearing on small businesses' concerns about PPACA, spoke of hardship; others lauded the landmark legislation.
But Katz noted that the PPACA requires companies with more than 50 full-time employees to provide health coverage or else pay penalties, and that the PPACA small-business health insurance tax credit is available only to employers with fewer than 50 employees.
Small restaurant owners can simply send employees to the individual exchanges or use the small-group exchanges without fear of facing PPACA "employer responsibility" penalties, and many large restaurant companies already offer health benefits, Katz said.
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