Small business owners don't understand ACA

according to a recent survey by eHealthInsurance:

Some 78 percent of small business owners said they were not familiar with health insurance exchanges and how they could impact their business.

Also, 77 percent of small employers said they were not doing any long-term planning regarding how health care reform might impact their business.

The majority of small businesses, 68 percent, either incorrectly believe or aren’t sure whether they must provide health insurance to employees in 2014. And almost 70 percent either incorrectly believed or were not sure whether they would have to pay a tax for not providing health insurance.

Beginning in 2014, the Affordable Care Act requires businesses with 50 or more full-time employees to provide health insurance coverage for their workers. Businesses with fewer than 50 employees are exempt from this requirement.

Small business owners don't understand ACA

Of course they don't. Nobody does, since the detailed regulations have been on hold until after the election. And the gov't exchanges are not set up yet.

Ehealthinsurance the private exchange has been around for a decade. I use it all the time for price quotes and purchased my policy on there in 2003.

The detailed regulations have been available since 2011. The government exchanges have been the responsibility of the state legislatures. Some states have set them up, others chose not to for political reasons. For example, here in Colorado, the state health exchange, called Colorado Health Benefit Exchange was established in May 2011. It will not actually go into business until 2013 because the Colorado Republicans refused to allow it to seek federal funding until recently, but has been available as a resource to learn about what it can do for a year and one half.

http://www.getcoveredco.org/Index

It should be up and running next fall in time for business and individuals to enroll it for 2014.

Well you have your own opinion STDS, there have been some regulations issued but plenty are still in the works. I suspect small businesses were waiting on the SCOTUS decision and the election, and will get more involved in 2013 in planning for ACA. I guess you would have to ask them.

And no, all the detailed ACA rules have not been "available since 2011". We have to pass the bill first to find out what is in it. And then we have to get past the 2012 election before we issue detailed regulations so people can really find out what is in it.

http://www.californiahealthline.org/art ... ction.aspx

http://www.politico.com/news/stories/1112/83291.html

Going Under ground, black market, secret squirrell.

As an actual small business owner, I don't have to worry about this. Plus, if I did, we need to remember the basic rule of business - there are only two parties that pay for everything extra a company has to pay for if it does not fail....customers and employees and since the company was already charging the max it could to customers, employees will pay for this in reduced wages (which would be my direct solution, $200 a month in new mandated health care costs, $200 reduction in wages to pay for your new bene) or in lack of hires (like how the min wage assures everyone who does work gets a min wage at the expense of those that never get hired - those that really needed help that you just priced out of a job all together.)

So I contend that employees of medium and large business...or those that hoped to work at such firms...will have lower pay and health insurance with a lower chance of getting the job in the first place. All consequences, in the end, fall to the employee getting paid less (but the same in net - the gov just decided how you will spend your money)

50 employees ain't small business, that's want to be big business.

I say the biggest a small business can be is about 20 to 25. That is about the max for one owner, one admin, one GM, 4 PMs, and 3-5 worker bees under each of them. Any more than that and you will not know your employees or your customers well and thus you will start to operate like a big business.

It's OK, I know most of you will ignore this post and pretend that the money will just grow on trees or fall out of the owner's butt. Remember, successful businesses pass on all costs to the employees after the customer is maxed out (and the customer is always maxed out).

The other consequence when you make something illegal - as stated, there will be a black market, and when people black market work, they make 50% more, the person paying them saves and the govt looses all payroll taxes at every level. As you raise taxes on workers (which this is), you raise the incentive not to even register your job with the govt (as most do).

The ACA is just the government deciding how to spend your money in stead of you (PS you were already strapped) so there will be no net benefit, just new losers and winners, picked again by the group that picks such things, the govt. Perhaps rather than spending decades trying to dismantle employment, we should just outlaw it all together with strict enforcement? Eventually there will be only one cop left (everyone else is busted) and we can just lock him up for being the last worker.

But in the end who cares? They will figure it out and the employees will feel the pain (except the ones chosen as winners).

Currently proud to be self insured! (I paid nothing this month for health care and don't have to).

There is always a reaction to increased business costs, it could be fewer workers, shift to part-time, and/or adjustment in wages or other compensation. And I'm pretty sure the current ACA small business tax credit is temporary and fairly limited in application from what I read.

To you it is some reaction, to others, it was their job that they invested all their decisions and eduction around, only to have to game board switched up on them.

Think of all the people that are unemployed today because of the minimum wage and all the people that still have jobs that would have had jobs anyway without the min wage. Just another shift.

This is not going to be small. Any firm that is at the 50-65 mark is going to be firing 1-15 employees, that's just one step. Smaller firms will stop their ambition to grow, that's another.

I think you can take the additional amount that people will be paying for health insurance per year and divide that by min wage for a year and you will know how many jobs are killed, with minimal analysis.

It's not a reaction, it's the consequence to redesigning someone's life. People did not understand this law, as you said still don't, so they did not make a decision, this was thrust upon us....and we will beg for it to be lifted off of us and it will not be.

Again, screw the liberals for ruining universal care and substituting a big grab for the largest firms in the US that sell nothing. You wanted a salad and you were offered rotten radishes and you took it and now you are trying to sell those radishes. They are even more rotten than before. Now all that is left is to use force/violence/threats of theft or imprisonment to get everyone to eat them.

Obamacare is a huge clusterf@#$ that's going to drive business to fail, or at the very least to cut pay and layoff workers. It's exactly the type of government interference that's going to extend this economic crisis far beyond when it would have normally recovered if it was just left alone.

Nobody that matters wrote: Obamacare is a huge clusterf@#$ that's going to drive business to fail, or at the very least to cut pay and layoff workers. It's exactly the type of government interference that's going to extend this economic crisis far beyond when it would have normally recovered if it was just left alone.

Liberals don't understand business, and they don't understand why companies make hiring decisions. This will definitely affect the jobs picture, and even more likely, since only "full time" people count, a lot of people will end up with part time jobs.