What ObamaCare Means for Small Businesses: Higher Costs, Fewer Jobs
On top of the insurance cancellation notices, higher premiums, and reduced hours Americans are seeing as a result of ObamaCare, a survey released today by the International Franchise Association and the Chamber of Commerce illustrate the real life impact the law is having on our nation’s job creators. A survey of companies representing 42 million jobs illustrates how the law is forcing job creators to cut employees’ hours in order to comply and hindering them from creating new jobs.
Highlights from the survey show:
- Sixty-four percent of franchise and 53 percent of non-franchise businesses believe the health care law will have a negative impact on their businesses.
- Twenty-nine percent of franchise and 41 percent of non-franchise businesses are already seeing health care costs increase due to the law.
- More than 50 percent of franchise and non-franchise businesses are planning to make decisions, such as reducing employee’s hours, to comply with the law’s employer mandate.
The effects of this law are real, and they are being felt around the country:
- Stephen Bienko, an owner of College Hunks Hauling Junk franchises said if ObamaCare was not implemented, “he would be able to make his part-time employees full-time employees and offer them health insurance.”
- Meridian Public Schools announced it would be cutting the schedules of hourly workers to fewer than 30 hours per week as a result of ObamaCare.
- Central Michigan University stated they would have to cut students’ hours in order to comply with the health care law.
- NBC News reported on the impact the law has on employees of a Subway franchise in Maine who stated, “Losing five or six hours a week, that’s $50, $60 a week or a couple hundred dollars a month, that’s a car payment.”