Changes

Jump to navigation Jump to search
7 bytes removed ,  14:52, 28 March 2016
no edit summary
One important concern with the Patient Protection and [[Affordable Care Act]] by the media and the bill’s adversaries is that “Obamacare” will kill [[Small Business]] [http://www.investors.com/liberal-study-finds-obamanomics-killed-the-american-entrepreneur/]. The visible effect of Obamacare on small businesses is not necessarily seen in the abandonment of plans to grow businesses or death of businesses themselves, but, rather, in the slowing or decrease in hiring of employees and cutting of employee hours. According to a Gallup and Wells Fargo survey of small business owners, conducted in 2012, 48% of small business owners point toward "potential healthcare costs" as a reason for not hiring more employees [http://www.gallup.com/poll/152654/health-costs-gov-regulations-curb-small-business-hiring.aspx]. Still while the ACA may have caused a slowing or ceasing in small business hiring, the actual harm of Obamacare regulations and mandates to small businesses still depends heavily on small business size because the effect of Obamacare on small businesses varies so vastly between firms of different composition and size within their workforces (i.e. number of full time employees, average wages, state where the business is operated).
The SBA has established a summary of the size guidelines for small businesses to qualify "as a small business concern for SBA and most other federal programs" [https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector] (500 employees for mining and manufacturing businesses and or an annual receipt of $7.5 in average annual receipts for non-manufacturing firms), but the these small business standards still vary from industry to industry. Also, while United States has almost 6 million small businesses that fall under the SBA small business size classifications by the SBA, 90% of these small businesses employ fewer than 20 people [http://obamacarefacts.com/obamacare-small-business/].
Furthermore, although the cost of providing health care insurance has assuredly risen since the ACA'S enactment, health insurance premiums had already been steadily increasing for many years [http://obamacarefacts.com/obamacare-small-business/] [http://jhppl.dukejournals.org/content/36/3/539.short]. </onlyinclude>
Anonymous user

Navigation menu