Local businesses talk Health Care Reform - WRCBtv.com | Chattanooga News, Weather & Sports

Local businesses talk Health Care Reform

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CHATTANOOGA (WRCB) -- Employees at Chattanooga Rubber and Gasket Company work on rubber hosing for one of their bigger clients.

They have been in business for more than 30 years and have fewer than 25 employees.

Terry Masick says the cost of insurance would surprise you.

"Well it is a burden, a big burden for a small company," Masick says. "But we do want to give our guys coverage."

She says insurance costs have gone up at least 10% every year and some of the extra cost gets tacked on to the product.

"We do have to pass on the price to pay for insurance for our guys, but we do want to offer them benefits," Masick says.

Masick, just like many small business are now looking to Washington D.C. to see what happens next with the Affordable Care Act also deemed "Obamacare."

People formed lines outside the Supreme Court over the weekend to witness what will be one of the most monumental rulings in nearly 60 years.

Here's how the numbers break down for businesses under the Affordable Care Act:

 - Businesses with fewer than 25 employees will receive up to a 35% tax credit of the company's share of their total health care premium.

 - Businesses with 26 to 49 employees will be virtually unaffected.

 - Businesses with 50+ employees must offer coverage or pay $750 penalty per employee.

Earlier this month, health experts urged businesses not to jump to conclusions on the Supreme Court's ruling.

Tevi Troy, a Fellow with The Hudson Institute says, "Anyone who tells you they think they know what the Supreme Court is going to do, well they are not telling you the truth. It is a very uncertain situation and this uncertainty will have a big impact on businesses."

Tony Hullender with Bluecross Blueshield of Tennessee, says, "It is counterproductive to predict what the Supreme Court is going to do. We think it is better to focus on the law and implement it as it is today."

Click here for more information on Health Care Reform. 

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