A New York small business owner was recently forced to drop health insurance for her employees due to new regulations under Obamacare, WUTR-NY reports.
Mary Morse, owner of manufacturing company Kwick Kut, said that under her old plan, Healthy New York, employee premiums were roughly $200 per month. Healthy New York was discontinued because it did not provide prescription drug coverage, a new requirement under the Affordable Care Act.
After looking for new plans, Morse found she could not afford to provide any of the plans for her employees.
"The rest of the plans were running around $500 a month per employee. My share of course would have been half," Morse said. "Basically I would have probably had to lay somebody off to pay the insurance premiums for the others."