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Small Business and Obamacare: Confusion and Concerns

docstoc SMALL BUSINESS AND OBAMACARE THE COUNTDOWN TO THE AFFORDABLE CARE ACT BEGINS. WHAT DO SMALL BUSINESSES FEAR? WHAT DO THEY (MIS)UNDERSTAND? & FEARS & 71% 77% 78% Believe the act will make it harder for them to hire Believe the act will make Believe it will negatively health coverage more expensive impact their business in some way IN MARCH 2013 CONCERN ABOUT THE AFFORDABLE CARE ACT (45%) SURPASSED WORRY ABOUT ECONOMIC UNCERTAINTY (44%) FOR THE FIRST TIME IN RECORDED HISTORY. *BUSINESSES WITH 500 EMPLOYEES OR LESS UNDERSTANDING IN A POLL OF SMALL BUSINESSES WITH 50 EMPLOYEES OR LESS, WHO WILL NOT BE REQUIRED TO PROVIDE HEALTH INSURANCE UNDER THE AFFORDABLE CARE ACT: ARE THEY REQUIRED TO OFFER HEALTH INSURANCE TO EMPLOYEES NEXT YEAR? 32% SAY IT'S ABSOLUTELY REQUIRED BELIEVE THEY WILL BE REQUIRED TO PAY A PENALTY IF THEY DON'T THAT MEANS. 56% OF EXEMPT SMALL BUSINESS OWNERS STILL BELIEVE THEY ARE REQUIRED TO PROVIDE INSURANCE DOWN FROM LAST YEAR (2012) 69% OF SMALL BUSINESS OWNERS BELIEVED THEY WERE REQUIRED TO PROVIDE HOW MANY SMALL BUSINESSES UNDERSTAND HEALTH INSURANCE EXCHANGE? 18% 82% COULDN'T DEFINE IT OR WERE UNSURE CAN DEFINE OR EXPLAIN IT WHAT IS A HEALTH INSURANCE EXCHANGE? BEGINNING IN 2014, THESE GOVERNMENT-RUN EXCHANGES WILL MAKE SUBSIDIZED HEALTH INSURANCE AVAILABLE FOR LOWER-INCOME INDIVIDUALS WHO DON'T RECEIVE INSURANCE FROM THEIR EMPLOYERS. THE ACT ALSO PLANS TO CREATE A SMALL BUSINESS HEALTH OPTIONS PROGRAM OR "SHOP" IF YOU COULD SHOP FOR HEALTH INSURANCE, WHICH WOULD YOU PREFER? 5% GOVT EXCHANGE: 24% PRIVATE EXCHANGE 71% I WANT BOTH CHOICES US Chamber of Commerce: http://www.uschambersmallbusinessnation.com/uploads/Chamber%20Small %20Business%20Survey%20Q1%20040213_PDF. pdf SOURCES eHealthInsurance News: http://news.ehealthinsurance.com/_ir/68/20132/eHealth%20Spring%202013 %20Small%20Bus%20Survey.pdf Courtesy of Docstoc.com; free to redistribute per http://creativecommons.org/licenses/by-nc-nd/3.0/ BY NC ND

Small Business and Obamacare: Confusion and Concerns

shared by Docstoc on May 21
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As the countdown to the Affordable Care Act begins, thousands of small businesses around the country are confused about what will be expected of them. Here's what the surveys reveal.

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