|Businesses may be fined without Medicaid expansion|
|News - St Augustine Area & St Johns County|
FORT LAUDERDALE ó The decision by state lawmakers not to expand Medicaid could cost Florida businesses as much as $253 million a year in tax penalties, according to a new report released Wednesday.
Companies with 50 or more employees face Internal Revenue Service penalties if workers get subsidized health insurance through the new exchange under the Affordable Care Act. But they donít face a tax penalty if workers get subsidized coverage through Medicaid.
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