Obamacare Could Lead To 33% More New Businesses

Posted in the Minneapolis Forum

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Dallas, TX

#1 Sep 29, 2013
Obamacare Could Lead To 33% More New Businesses Over The Next Few Years

Despite objections by businesses to parts of the Affordable Care Act, there could be as many as 33% more new small businesses over the next few years as a result of the law, reports the WSJ. The Kauffman-RAND Institute for Entrepreneurship Public Policy calculated the estimate.
Why the projected increase?

A major barrier that keeps people, especially those with pre-existing conditions, from starting their own business is the ability to get robust and affordable health insurance. People seek out and keep corporate jobs, not because they want to, but because they feel like they have to. Entrepreneurs call the phenomenon "entrepreneurship lock."

The Affordable Care Act could potentially solve that by offering people who start businesses coverage through state- or federally-run marketplaces for insurance (exchanges).

To see that full 33% increase in new businesses, coverage from exchanges would have to be equivalent to that from corporate plans, which is unlikely in the short run.

For young people, the idea of being unable to pay for massive medical bills seems distant and unlikely. But many older people have seen it in others or experienced it themselves, or have dependents that they have to worry about.

Without a significant savings cushion, a luxury many people don't have, leaving a safe corporate job with benefits just doesn't seem like an option.

Great business ideas aren't limited to the affluent or the young, and though it might take a while to play out, this looks like an unsung benefit of the new health care legislation.

Read more: http://www.businessinsider.com/how-obamacare-...

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LIbEralS

Saint Paul, MN

#3 Sep 30, 2013
Why do you think Obama's biddies Buffett and Soros are a part of this? Of course this Cluster Flock will bloat the size of the health insurance and care industry. That part isn't rocket science.

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Since: Sep 11

Champlin, MN

#7 Sep 30, 2013
LIbEralS wrote:
Why do you think Obama's biddies Buffett and Soros are a part of this? Of course this Cluster Flock will bloat the size of the health insurance and care industry. That part isn't rocket science.
This and many other articles ignores the fact that employers are already beginning to drop or drastically cut back health care for their employees. In some cases they have figured out it is cheaper to pay the fines than provide health care. Why does Obama and Congress want to make such a drastic cut to the compensation packages of millions of people? Do they hate non-union workers? These crazy bastards really do want to create the "Brave New World".
Now take your Soma and get in line for your Soylent Green rations.

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Since: Sep 11

Champlin, MN

#8 Sep 30, 2013
genie wrote:
<quoted text>
Since when is another Gummint bureau considered a business?
It's not. Businesses produce something. Government produces nothing.

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Since: Sep 11

Champlin, MN

#9 Sep 30, 2013

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Joe

Minneapolis, MN

#10 Sep 30, 2013
This article is pure B as in B, S as in S.

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LIbEralS

Saint Paul, MN

#11 Oct 1, 2013
Joe wrote:
This article is pure B as in B, S as in S.
How so? The trend is very clear. Hours are being limites to less than 30 all over the place. One area hit hard is union jobs at higher education institutions. THERE IS A REASON UNIONS ARE AGAINST obamacare.

Since: Sep 11

Rogers, MN

#12 Oct 1, 2013
LIbEralS wrote:
<quoted text>
How so? The trend is very clear. Hours are being limites to less than 30 all over the place. One area hit hard is union jobs at higher education institutions. THERE IS A REASON UNIONS ARE AGAINST obamacare.
Except for the unions that have been granted exemptions (payola) by Obama.

Since: Sep 11

Rogers, MN

#13 Oct 1, 2013
Joe wrote:
This article is pure B as in B, S as in S.
I can provide more if you like but you will likely ignore those as well. Now take your Soma and eat your Soylent Green.

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