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One-Year Later: Small Businesses See More Harm, Not Help, From Democrats’ Health Care Law
Monday, July 25, 2011
A new report released today by the National Federation of Independent Business (NFIB), the nation’s largest small business advocacy group whose membership consists of 350,000 small business owners nationwide, provides further evidence that the Democrats’ health care law is adding higher costs, new taxes and increased deficits.
The report reveals that the Democrats' health care law will be particularly devastating for employers with low-wage workers who may drop health coverage – either because they stop offering due to cost, are forced to as their competitors cease to offer coverage, or because a private entity cannot compete with the government. According to the report, “Low-wage employees … have a powerful incentive to bolt an employer’s health plan for the newly established and heavily subsidized exchanges. Should employees begin to leave for an exchange, 26 percent of currently offering small employers are very likely to explore dropping their health insurance plans and another 31 percent are somewhat likely to do so.”