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URGENT ACTION ALERT: $50 Million Annual Healthcare Mandate passes / Ask Mayor Lee to Veto
URGENT ACTION ALERT: $50 Million Annual Healthcare Mandate passes / Ask Mayor Lee to Veto
posted on Tuesday, Oct 18, 2011
San Francisco’s small businesses and non-profits need to act today!
This afternoon, the Board of Supervisors passed legislation which amends San Francisco's employer healthcare mandate, dramatically altering how health reimbursement accounts (HRA) work. The legislation will require employers (including non-profits) to deposit cash into HRAs rather than use an accrual method, with unspent money in these accounts rolling over every year until 18 months after the employee leaves.
This legislation will suck more than $50 million out of the city’s economy. It will force businesses and non-profits to close, lay off workers or shelve expansion plans. It is the single, largest new fee on San Francisco businesses in more than a decade.
Mayor Lee is considering a veto but must hear from businesses and non-profits. Email Mayor Lee at mayoredwinlee@sfgov.org now and ask him to veto this legislation.
