Bad news for HR types

Ace of Spades lists the bad news of the health care bill.
I find the penalty for not covering employees interesting. If it stays at $750, isn't every employer simply going to drop health coverage, pay the per capita fine and pocket the difference? That might not work in a boom economy where employers are competing for workers but in tight times like these, a job without insurance is better than no job at all.
Even at 2 or 3 thousand dollars per employee it might be worth it for some companies to dump health care coverage. I'm not sure what group rates are for big employers but I'd think it's got to be close to that number and then factor in all the costs associated with a company administering a plan, including all the HR types you could lay off and it's probably a money maker for companies.
UPDATE: Linked by Daley Gator as part of his huge roundup.