Home Depot Co-Founder: Big Financial Hit Coming Soon from ObamaCare

‘Most of America hasn’t really gotten the blow that they’re going to get in 2015’

MARCUS: “Well Neil, it's just the beginning. Now you have to remember that the mandate, they put off the big companies until 2015, it was supposed to come in 2014 with everybody else. So you haven't really seen it hit. And I speak to a lot of business owners and small businesses especially about people who have 100, 200, 300, 400 people working for them and I usually say, ‘Well what's going to happen?’ And they say, ‘Well we really haven't -- we're studying it, we're studying it.’ ‘But doesn't this mean, number one, that you're going to stop carrying insurance on your employees?’ ‘Well I can't tell you right now.’ ‘Well does it mean that you're going to put more people into part-time?’ ‘Well I really can't tell you right now.’ Neil, you haven't seen anything yet and what you're going to see in January of 2015, right after the elections are over, boy, the Democrats were beautiful on this one. It’s politics as usual; they put off this thing because America’s going to be hit so hard. All of middle class America is going to get very, very hurt. Very, very hurt by this because that's where it's going to come out. So if you're somebody working for a living, and you've been doing this for a number of years, and your employer has been covering you and paying the premium for you, you're going to end up in two ways. Number one, you're going to end up with very little insurance, you're going to end up with very, very high co-pays and you're going to end up with just a mess on your hands. It’s not good.”
 

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