How Small Business is Reacting to ObamaCare
This is from the Chamber of Commerce Small Business Survey:
- Among small businesses that will be impacted by the employer mandate, one-half say that they will either cut hours to reduce full time employees or replace full time employees with part-timers to avoid the mandate. Twenty-four percent say they will reduce hiring to stay under 50 employees.
- Seventy-one percent of small businesses say the health care law makes it harder to hire.
- Only 30 percent say they are prepared for the requirements of the law, including participation in the marketplaces, and one-quarter say they are unaware of what is required.
I think we already knew these were real consequences, but hopefully many of these don’t follow through.
I think a big factor is the economy and a lot are reportedly not prepared for the law. Too big, too soon, too many questions.
Certainly, businesses are already against the ropes. This is making it that much harder to survive.
Well hasn’t the employment mandate been waived?
No, just delayed.
I don’t think there is much chance of that. Hopefully people start realizing this so we can avert disaster.
“one-quarter say they are unaware of what is required.”
Seems like bad business policy… I would expect that these are the ones that will have a hard time surviving.
Exactly. That quarter of businesses better get their act together, because they are in for a rude awakening.
It is a good thing that the government waived it for a year, so people can have at least a little amount of time to prepare for the policy change
Unfortunately pushing it back may lend to the thought that it will be pushed back again. Some business that would be particularly hard hit may just cross their fingers and hope the whole thing falls apart.
Labor market distortions for everyone!
“Twenty-four percent say they will reduce hiring to stay under 50 employees.”
This is all pablum. A company that will artificially keep employment at a level that is predetermined will not survive with competition.