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

Psychology Today

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.