Op-ed: A year later, we’re worse off with the Affordable Care Act

Stephanie

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Jul 11, 2004
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From NBC of all places..people tried to warn you
links in article at site


SNIP:
by Jennifer Korn, Hispanic Leadership Network
5:00 am on 03/23/2013


An anniversary is often a joyous occasion, a time to commemorate and celebrate an important milestone. For America’s families, businesses, employees, and consumers, however, March 23rd, the third anniversary of the Affordable Care Act (ACA), might not fit into the same category of bliss.

The vast majority of people in America believe that our health care system needs improvement, especially when it comes to access and affordability of care. Yet, while the 2010 health care law began with good intentions, it quickly ventured off into negative territory.

In a difficult economy, and an otherwise uncertain spending and regulatory environment, ACA leaves small employers with a large paperwork burden, higher costs, and an even greater degree of uncertainty.

The news for these businesses is not good. Many employers have seen their premiums increase or plans disappear entirely. The National Federation of Independent Business (NFIB) has said that, in a recent study, one in eight employers reported that their health insurance providers had notified them that their plans would be terminated. Another recent study by human resources consulting firm Adecco reveals that nearly a third of employers said they stopped hiring or cut their workforce because of the law.

Our sister organization, the American Action Forum, has research that shows that regulations contained in Obamacare cost private entities $24 billion, as well as millions of lost hours dealing with paperwork. These regulatory costs are placing significant pressure on small businesses, of which 2.3 million are Hispanic-owned enterprises.

Uncertainty about ACA, including when and how it will be implemented, pervades the small business community. As concern and confusion about the law’s impact on future insurance premium costs grows, so does the anxiety of small business owners about how to meet their payrolls and profit margins, hindering the creativity and innovation needed for growth and success.

Small businesses are suffering. And our seniors are facing significant change as well.

One of the most alarming aspects of ACA is what it is does to Medicare.


all of it here
Op-ed: A year later, we?re worse off with the Affordable Care Act
 

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