News Headlines Article

Health bill hammers small construction firms
Sacramento Business Journal - Kent Hoover, Washington Bureau Chief

The Senate is about to put coal in the stocking of home builders and other small construction firms. The amended version of the health care reform bill, which cleared another procedural hurdle Wednesday morning, includes a provision that penalizes small construction firms if they don’t offer insurance to their employees. Under the bill, businesses with more than 50 employees would have to pay a $750-per-worker penalty to the federal government if any of their employees purchases subsidized insurance on their own. The new version of the bill lowers that threshold to five employees for construction firms.