$3 fee for Obamacare program cost this business $100 to file the form! This was because the form is so complex they had to pay their accountant to review it.
This employer is offering something extra to their employees, and they pay a tax to do so, it would appear.This so-called “Patient-Centered Outcomes Trust Fund Fee” is imposed on health insurance plans and employer-funded Health Reimbursement Arrangements.
If the Patient-Centered Outcomes Trust Fund is to exist at all, taxes on health insurers and big health plans might well be a good way to fund it. But a form that costs $100 to fill out so that the government can collect $3 in revenue is simply pointless by any standard. Furthermore, since few people seem to know about the rule (final guidance just came out) one imagines a great many small businesses are probably going to be in breach come July 31st.
There’s both a Regulatory Flexibility Act and a Small Business Administration Office of Advocacyspecifically intended to prevent the government from imposing requirements this stupid. Right now, they seem to be asleep at the switch.