How Small Business Is Reacting to Obamacare
A new survey found that most owners believe it will harm their bottom line.Commentary by John C Goodman
November 26, 2013
The International Franchise Association and the Chamber of Commerce have released a survey of companies representing 42 million jobs:
- Sixty-four percent of franchise and 53 percent of non-franchise businesses believe the health care law will have a negative impact on their businesses.
- Twenty-nine percent of franchise and 41 percent of non-franchise businesses are already seeing health care costs increase due to the law.
- More than 50 percent of franchise and non-franchise businesses are planning to make decisions, such as reducing employee's hours, to comply with the law's employer mandate.