One in eight small businesses get insurance cancellations after ObamaCare passage
One in eight small businesses get insurance cancellations after ObamaCare passage « Hot Air
Among the most striking of NFIBs findings was the number of employer health insurance plans that have been or will be eliminated since PPACAs passage 14 percent, or one in eight. Eliminating employer health care plans is the first major consequence of PPACA that small-business owners likely feel, the report said.
We are not aware of any data suggesting weve had turnover anywhere near this level in the past, said William J. Dennis, a senior research fellow at the National Federation for Independent Business.
The NFIB study also found 20 percent of small employers expect to significantly change their benefit packages the next time they renew their health insurance plans. Almost all of them expected to see diminished benefits, increased employee costs, or both.
One in eight small businesses get insurance cancellations after ObamaCare passage « Hot Air