GOP Blog

Small Businesses Agree That ObamaCare Is Bad For Business

NFIB’S One Year Check-Up On ObamaCare Finds Businesses Are On Health Life-Support 

Since ObamaCare Was Signed Into Law, 12% Of Small Employers Have Had Their Health Insurance Plans “Terminated.” “Since enactment, one in eight (12%) small employers have either had their health insurance plans terminated or been told their plan would not be available in the future.  Plan elimination is the first major consequence of PPACA that small-business owners likely feel.” (National Federation Of Independent Business, “Small Business And Health Insurance:  One Year After Enactment Of PPACA,” nfib.com, 7/11)

Small Employers To “Significantly Change Benefit Packages.” “Twenty (20) percent of small employers currently offering [health insurance] expect to significantly change their benefit package and/or their employee’s premium cost-share the next time they renew their health insurance plans.  Almost all significant changes expected involve a decrease in benefits, an increase in employee cost-share, or both.”  (National Federation Of Independent Business, “Small Business And Health Insurance:  One Year After Enactment Of PPACA,” nfib.com, 7/11)

Small Businesses Think That ObamaCare Will Increase Costs, Increase Taxes, And Add To The Federal Deficit.  “By overwhelming margins, small employers who have knowledge of the new law think that PPACA will not reduce the rate of health care (insurance) cost increases, will not reduce the administrative burden, will increase taxes, and will add to the federal deficit.” (National Federation Of Independent Business, “Small Business And Health Insurance:  One Year After Enactment Of PPACA,” nfib.com, 7/11)