Categories

Most recent posts

  XML Feeds

Search

« Hysterectomies In Midlife Don't Raise Heart Disease Risk, Study SuggestsStudy: Waist-to-Height Ratio Better Predictor Of Mortality Risk Than BMI »

Survey Reveals Small Business Concerns With Health Care Reform Law

05/14/13

  05:05:47 pm, by MedBen5   , 210 words,  
Categories: News, Health Plan Management

Survey Reveals Small Business Concerns With Health Care Reform Law

“Small businesses are not on board with the Patient Protection and Affordable Care Act, according to a Gallup survey released last week. The survey of more than 600 small businesses, commissioned by law firm Littler Mendelson, finds that 48% of small businesses say the ACA is bad for their business, while 9% say the legislation is good. Fifty-five percent, meanwhile, fear it will increase costs, while only 5% believe the ACA will lower costs.”

“Forty-one percent of those surveyed said they have held off on hiring new employees as a result of the ACA. ‘One of the most concerning unintended consequences of the Affordable Care Act is that we see employers looking to stay under the 50-employee threshold, if at all possible,’ says Steve Friedman, co-chair of the employee benefits group at Littler Mendelson. ‘Which means they often won’t be expanding their businesses when that’s generally the direction they’ve always wanted to go in. We also see a lot of employers that are refraining from hiring people on a full-time basis because of the Affordable Care Act. And that’s also something that’s not favorable, one would think, to the overall economy.’”

Read more at Employee Benefit News. You can also see more survey results at Gallup.com.

No feedback yet