Saturday, September 22, 2012

Health insurance costs drive uncertainty among small business owners

Uncertainty is the top problem faced by small business owners, a National Federation of Independent Business survey says.
The cost of health insurance was a major driver of this uncertainty, with 52.3 percent of small businesses considering it a “critical” concern.
“Fears over increasing health insurance costs continue to dominate the list of concerns for small businesses, very much in spite of the president’s health insurance reform law — certainly not an endorsement of the policy, nor a good sign for the future of the sector,” said Holly Wade, senior policy analyst and author of the recent NFIB survey on the topic.
NFIB joined the multi-state lawsuit against the Affordable Care Act, which was decided by the Supreme Court in favor of the Obama administration this summer.
A separate study by online service company Thumbtack.com and the the George Washington University Graduate School of Political Management revealed similar concerns in the small business world during this fall campaign season.
Small business owners agree that job creation and the economy are the most important issues when it comes to picking their president. Ethics, honesty and corruption in government rank next.
“Six thousand small business owners have told an unusually nuanced story about the factors that drive their political decisions,” said Sander Daniels, co-founder of Thumbtack.com. “When job creators speak, we need to listen.”

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