By Marli D. Riggs
November 30, 2011
While 88% of small business owners do not think it is right for the government to force a state resident to buy health insurance, more than 90% of them do not intend on purchasing health coverage under the Patient Protection and Affordable Care Act.
Based on a November poll of more than 1,000 respondents, the Small Business Authority Market Sentiment Survey reveals concerns of independent business owners. Only 9% of respondents believe they will have to purchase health insurance from the government while 53% believe the cost of health care is going to increase in the next two years.
“We are amazed that business owners do not truly understand the potential reality of the PPACA,” says Barry Sloane, chairman, president and CEO of The Small Business Authority. “There is wide spread theory that [this act] will clearly reduce choice for private carriers and allow remaining carriers to continue to raise premiums subject to government regulation. If the government, under the act, believes private insurers should not exist based upon pricing premium received versus coverage offered they effectively could eliminate this private sector business model.”
Source: Employee Benefit Adviser
