Small Businesses May Face $100-Per-Day Obamacare Fine
ObamaCare is a bigger disaster than anyone predicted.
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A little-noticed Obamacare provision could slap unknowing small business owners with a $100-per-day penalty starting in 20 days.
Beginning on October 1, any business with at least one employee making $500,000 or more a year must notify all employees via letter about the Obamacare government exchanges or face up to a $100-per-day penalty, reports Fox Business.
Kimmie Candy Co. CEO Joseph Dutra told Fox News he had never heard about the Obamacare fine.
“My understanding is that a lot of businesses don’t know what the requirements are under the law,” said Dutra. “So many businesses don’t have a designated HR department.”