I work for a small firm (about 60 employees). I was talking to my CEO and asked him how Obamacare would affect him/his company. He told me the following (in a nutshell): -beginning 2014, he will be required to offer everyone in the company a healthcare plan. If he does not, he will pay the US Govt a fee of $2K per employee for a penalty. -he is opting to pay the penalty of $120,000 at the end of every year because it is much cheaper than offering his employees an insurance policy due to the high cost of health insurance Is this accurate? I honestly don't know enough about Obamacare and reading about it makes my brain hurt. I would appreciate it if someone could break down the pros and cons of Obamacare on a 60-employee firm.