RUSH: I hate to do this to you here, folks, but I've got Obamacare news. Here we go. First up from Fox Business, the headline: "Business Owners May Face $100-Per-Day Penalty Under ObamaCare -- Small business owners who thought they were off the hook for Obamacare regulations until 2015 may be in for an expensive wake-up call next month. Beginning Oct. 1, any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face up to a $100-per-day fine."
So if you have an employee at your small business, you've gotta send this person a letter informing them about the Obamacare health care exchanges. "The requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size. Going forward, letters are to be distributed to any new hires within 14 days of their starting date, according to the Department of Labor." So it's just one more aspect of Obamacare that nobody knows anything about and has been unfortunately overlooked until now.
So in all of this what turns out to be fake hysteria over a nonexistent war in Syria -- and that's where this has ended up, hasn't it? It's fake hysteria over a nonexistent war in Syria where the rebels continue to get beat up with conventional weapons, they continue to die. Assad is waging warfare against the rebels with conventional weapons, and now nobody's doing a thing. Assad stays in power. So we have a fake war with a bunch of hysteria, and, while that's happening, we learn of a $100-a-day fine for any business beginning October 1st that doesn't send its employees a letter telling them about the exchanges.
Now, why would this be the case? 'Cause they want everybody on these exchanges as quick as they can. That's how they're gonna get the tentacles of this thing deep into our culture and society, cementing the idea of an entailment, making it harder to repeal it. That's what this is about. There's a steep fine if you don't send the letter. You may have heard that IBM and other employees are pulling out of coverage for their retired employees. It's retired employees, the old people.
IBM, you heard they're canceling health insurance for employees, and there was another outfit (I forget the name of the company) that was also eliminating health coverage, health insurance for their employees, certain employees. It turns out retired employees, so it is the seasoned citizens. It's retired, older people. They are being eliminated. They are gonna be redirected to the exchanges -- and subjected to the eventual death panels. What is this? Oh.
From the LA Times: "Consumers Could be Surprised at Tax Time Due to Federal Health Law." Here's another one. While the fake war and the fake hysteria has been going on for a couple of days in Syria, "Some families may end up owing Uncle Sam a sizable refund if they accept government help on buying health insurance next year under" Obamacare. You heard right. "Some families may end up owing Uncle Sam a sizable refund if they accept government help on buying health insurance...
"A study published Monday in Health Affairs estimates that 38% of families that qualify for federal premium subsidies might have to repay some portion if changes in their household income aren't reported to the government." How many people are gonna even know this? " You gotta report change in your household income? That will happen on my taxes?" No, no. It's a separate form.
If you don't do that, you might have your subsidy taken away, and at which point you will owe the government a refund after they've helped you get health insurance. I am not making this up, folks. This is what's been going on out there during the hysteria about the fake war in Syria, recently averted by a gaffe uttered by John Kerry. It's Time Warner and IBM. Time Warner said they were going to cancel health insurance for some of their employees. It turns out, it's retired employees.