Obamacare Case Study: A Microbrewery Asks Premiums or Penalties? Clay Robinson, owner of Sun King Brewing, says his company is weighing both options as they prepare for Obamacare, by Adam Bluestein (Inc.com)
... By January 2014, Robinson expects Sun King will have 60 full-time-equivalent employees, meaning the company could face (nondeductible) penalties of about $60,000 if it fails to provide health insurance. Benefits experts have advised Sun King that annual premiums will probably run about $5,000 per employee, with the total annual bill for coverage coming in from $150,000 to $200,000, depending on how many people enroll. "That's enough for a couple of tanks to make a lot more beer," says Robinson. Although he and his partners generally view the Affordable Care Act as a catalyst for adding a benefit they believe in, they will carefully weigh all options--including boosting wages to help workers buy their own insurance through the SHOP exchange--before coming to a final decision this fall.
Tuesday, March 12, 2013
Sun King considers Obamacare.
It's an even-handed assessment of Sun King's thought process, sans the usual hyperbole.