EP024: Obamacare is Forcing Business Owners to Bear the Burden of Universal Healthcare Costs

Obamacare Does it Work?

Obamacare is forcing business owners to bear the burden…

In this episode, Morey and Macarena discuss Obamacare, FACTA and the importance of financial planning. Many insurance companies in the U.S. are refusing to foot the bill for the millions of unemployed and impoverished citizens who are currently under Obamacare coverage. They have decided to allow the government to bear the burden by way of increasing taxes. Penalties by the IRS are making this a damned if you do and damned if you don’t vicious cycle. The only way you can be prepared for the upcoming changes is to allow the professionals at Glazer Financial to take the reigns of your financial future.

Key Takeaways:

[0:55] Visitors to foreign countries are finding it increasingly difficult to retrieve their money from the U.S.

[3:05] Obamacare doesn’t really offer the impoverished proper insurance and it affects income tax.

[6:37] The U.S. government will fine business owners who don’t supply health insurance to employees.

[8:46] The political parties are considering a single pay system.

[11:05] Insurance companies are refusing to supplement Obamacare.

[13:31] Insurance companies make a lot of money on products other than healthcare policies.

[17:17] Citizens are often powerless against the government machine.

[17:38] Changes in the Highway Bill affect tax due dates.

[19:28] Financial planning is the only way to keep ahead of the fines and the taxes.

Mentioned in This Episode:

Glazer Financial Network