4 ms·
The amount of the fine is interesting: "starting at $25,000 a day". Despite official's assurances at a number of points that this new policy wouldn't target sm
by mparr4 13y ago
The amount of the fine is interesting: "starting at $25,000 a day".
Despite official's assurances at a number of points that this new policy wouldn't target smaller startups--and the article implying that this policy would mostly impact "companies like Facebook and Google"--it's hard to imagine $25,000 even registering with a Facebook or a Google.
Perhaps the small start-up need not worry about this new policy change, but it sounds like the medium start-up might.
Fines "starting" at $25,000/day. Where do they go from there?
- frogpelt 13y agoThat's about $10 Million a year. And, like you said, that's where it starts. Look at the fines that they are imposing on companies that don't comply with Affordable Care Act. Some will incur fines upwards of a $1 Million/day. I think even Facebook and Google would feel $365 Million a year in fines.
- mparr4 13y agoI do see a fundamental difference between the two regulations, at least on a moral basis. One compels you to provide health insurance to your employees, the other requires you participate in a wiretapping program in the name of "national security". Not to say anything about the outrageous cost of healthcare in this country...