Businesses looking at potential costs of new healthcare tax - KPLC 7 News, Lake Charles, Louisiana

Businesses looking at potential costs of new healthcare tax

JENNINGS, LA (KPLC) -

Like many other businesses, Leevac Shipyards LLC in Jennings says they practice corporate responsibility, providing a comprehensive insurance plan to each of their roughly 500 employees, even self-managing a company-wide wellness program.

"When we look at the wellness of our employees, it helps improve our healthcare cost," said Charlie Butler, Human Resource Manager for Leevac.

It's that sense of responsibility, they say, that will hurt them once the health insurance tax, a part of the affordable care act, goes into effect in January of 2014.

"I think in a case like Leevac and other companies that do the right thing, I think it's unnecessary," said Chris Vaccari, President and CEO of the company. 

The health insurance tax is a new sales tax on health insurance that will increase the cost of health care coverage for providers. For the companies, like Leevac who already pay for and provide health insurance, the tax will cost them more; an idea they say may mean higher premiums for their employees and a tightening of their overall budget.

"It's going to impact what kind of pay increases we get which is going to impact the taxes that are paid into the state," Butler said.

On the other side of the health insurance tax, are the companies who don't provide insurance to their employees. If they continue to opt out, under the affordable care act, they'll be penalized. While specifics of exactly how much those financial penalties will be are still unclear, business executives like those at Leevac say they know it will be significantly less than what they're paying.

"What we're hearing is that cost may be somewhere around $2,500 per employee. Well the health insurance coverage that we're already providing our employees is significantly higher than that," said Vaccari.

Leevac, working with the National Federation of Independent Business and federal legislators hope to get that conundrum sorted out before the act becomes law next year.

Copyright 2013 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • Invest 90L likely poses little to no threat to SWLA

    Invest 90L likely poses little to no threat to SWLA

    Invest 90L likely poses little to no threat to SWLA

    Wednesday, May 23 2018 4:47 PM EDT2018-05-23 20:47:16 GMT
    Monitoring the Gulf for any developmentMonitoring the Gulf for any development

    The National Hurricane Center continues to highlight an area in Gulf of Mexico for potential tropical development over the next five days. This area to watch is currently located south of the Yucatan Peninsula and strong wind shear will keep this area at a 0% chance of development over the next couple of days before increasing late-week and weekend as it pushes into the Gulf of Mexico.

    More >>

    The National Hurricane Center continues to highlight an area in Gulf of Mexico for potential tropical development over the next five days. This area to watch is currently located south of the Yucatan Peninsula and strong wind shear will keep this area at a 0% chance of development over the next couple of days before increasing late-week and weekend as it pushes into the Gulf of Mexico.

    More >>
  • LEGAL CORNER: Can my HOA remove things from my property?

    LEGAL CORNER: Can my HOA remove things from my property?

    Wednesday, May 23 2018 4:07 PM EDT2018-05-23 20:07:39 GMT
    (Source: Raycom)(Source: Raycom)

    Submit your questions to news@kplctv.com. Civil matters only, please. QUESTION: Can a Home Owners Association enter my property and remove something that does not meet the rules of HOA? Do property owners have the right to protect their person and property? Is this a violation of the property owner’s constitutional rights? ANSWER: Provided that the Home Owners Association rules are not against public policy or in violation of some federal and state law, then the rules are va...

    More >>

    Submit your questions to news@kplctv.com. Civil matters only, please. QUESTION: Can a Home Owners Association enter my property and remove something that does not meet the rules of HOA? Do property owners have the right to protect their person and property? Is this a violation of the property owner’s constitutional rights? ANSWER: Provided that the Home Owners Association rules are not against public policy or in violation of some federal and state law, then the rules are va...

    More >>
  • Man robbed at Twelve Palms testifies during Johnnie Hardman murder trial

    Man robbed at Twelve Palms testifies during Johnnie Hardman murder trial

    Wednesday, May 23 2018 3:19 PM EDT2018-05-23 19:19:10 GMT
    Johnnie Hardman (Source: KPLC)Johnnie Hardman (Source: KPLC)
    Johnnie Hardman (Source: KPLC)Johnnie Hardman (Source: KPLC)

    Jurors heard from a man who was robbed at the Twelve Palms RV Park the day that Joshua Touchet was shot and died.

    Witness Clinton Curtice told how there were three men and that one approached him with a handgun and demanded money.  Curtice identified that man as Johnnie Hardman. Hardman is on trial on a charge of first degree-murder.

    More >>

    Jurors heard from a man who was robbed at the Twelve Palms RV Park the day that Joshua Touchet was shot and died.

    Witness Clinton Curtice told how there were three men and that one approached him with a handgun and demanded money.  Curtice identified that man as Johnnie Hardman. Hardman is on trial on a charge of first degree-murder.

    More >>
Powered by Frankly