More than five hundred businesses in Massachusetts that failed to offer insurance options to their employees under the state’s landmark health care law will be required to pay $5 million in fees.
That’s far lower than original estimates.
Under the law, any business with 11 or more full time workers must offer insurance options or pay an annual $295 fee to the state for each uninsured employee.
The state says the vast majority of businesses have complied with the law, but that 518 will be held liable for failing to meet the requirement.
The fee was vetoed by then-Governor Mitt Romney, but overridden by lawmakers who said the state, individuals and businesses all had to pitch in to make the law work.
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