Wednesday, May 1, 2013

Tanner and Hannah on the Affordable Care Act

Our podcast began by researching two articles we discovered that provided two views on Obamacare's effect on small businesses and their employees' healthcare. One article, "Administration Hits Pause On Health Exchanges For Small Businesses," claimed that workers of small businesses would need to wait longer to be able to choose from a series of plans. Under Obamacare, these employees basically have only one choice of healthcare, and it's "less attractive" to employees. The other article claimed that small businesses were fearing the passing of the Affordable Care Act, as it would make providing healthcare to employees much more expensive than it needs to be. For example, for a small business in Iowa, the amount of money the owner would need to spend on healthcare for employees will jump from $140,000 a year to over $500,000 a year. Small businesses would be required to provide only one healthcare plan to employees under Obamacare, or pay a penalty.

No comments:

Post a Comment