Fix Health Care Policy

12 Days of Obamacare Surprises: Small Business Tax Credit

Photo: Mike Kemp/Tetra Images/Newscom

Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next 11 days, Heritage is going to highlight one of the various changes in Obamacare projections (i.e. cost, enrollment, etc.) from when the law first passed until now.

The Small Employer Health Insurance Tax Credit was intended to encourage employers to offer health insurance to their employees by partially offsetting the cost.

In 2010, the Congressional Budget Office (CBO) estimated that the Small Employer Tax Credit would cost the federal government $37 billion over 10 years.

In 2012, the CBO updated its estimate, projecting the credit would cost $23 billion over 10 years.

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Tags: CBO, higher costs, ObamaCare, small business, surprises, tax credit