Baker Administration Proposes Medicaid Bailout Tax on Employers
Facing a $600 million healthcare budget deficit, the Baker Administration is proposing to resurrect and expand the old “fair share assessment” under RomneyCare. The parameters look like this: a $2000 per full-time equivalent (FTE) employee—with full-time defined as 35 hours—tax will be assessed on any employer with 11 or more FTE’s which doesn’t achieve an 80% annual participation rate in their health plan coverage, and which doesn’t contribute at least $4950 of the premium for their employees.
The Massachusetts employer community believes this proposal will hurt small businesses, because they tend to have higher premiums and higher deductible plans than do big businesses and big government which self-insure and cross subsidize no one outside of their own risk pool. But large non-governmental employers also will be taxed for failure to reach the 80% participation rate.
In order to battle this job killing, anti-small business Medicaid Bailout Tax, please help the business community by taking this vital survey. This will be absolutely confidential, but the data we collect will be important for our efforts up on Beacon Hill and in the public. The survey will only take a few minutes, but your support will arm us in this battle. Thank you for your time and important contribution to the survey!