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FOXBusiness.com’s Kate Rogers on the cost of health care for small-business owners and National Small Business Week.
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Your small business owner.
What about all the other -- you gotta worry about such as paying for health care joining us from foxbusiness.com.
Is Kate Rogers talking about.
Recent survey of small businesses and the problems they encountered what did you -- Yes -- this week is national small business week and our small business center along with the NFIB even National Federation of Independent Business.
Freezing his platform to highlight some of the major issues that small business owners -- -- and of course the cost of health care right tops the list all.
Time and always going up up up side I believe the administration is promising that the affordable health care act will keep it from going up up up not the case is that what we're finding.
Well I spoke with Amanda Austin is the federal public policy director at the NFIB -- -- said that the cost of health -- -- topped the list of issues that small business owners -- for the past two decades.
Which is really staggering.
They -- that the Affordable Care Act will.
Increase their costs for the first couple of years rather than lower which is the whole point in the administration is also admitted.
So -- -- found a small business owner you know somebody with 49 or fewer employees what I do here how can I you know we control the cost minimize the cost what I do.
Well I think.
I'm in Austin also said T here hunker down and and absorb the costs going up or you have to stop offering insurance which means you're less competitive player and also doesn't really into as far as.
-- heat isn't right they don't -- -- Together go to a place that might offer OK but there's some suggestions that NFIB has -- -- -- From the NFIB so the first injection is defined contribution clients -- -- -- things -- the NFIB would like to see happen so this plan allows employers to put aside a set of pre tax dollars.
That they get to their employees in the employee and meet individual choice about the kind of coverage that they -- -- half of that means a small business owners -- contributing but they're not me all the decisions which.
Is some of the burden I think these are now because they are -- HR -- taken that happened under the affordable care though it is congress have going to weekend yes they would have to sell them.
That's that's an entity would like to see happen but it's not seat back for now that that can't you know that there like c.'s equal tax treatment in the individual markets okay I would -- explain that one of anybody that needed a little -- tax breaks that larger companies get for offering group health care -- it like to see these low rates -- individuals -- -- you or I we're we're going to -- our own individual health care plan.
-- get the same tax breaks for the lack -- storm.
Player News Corp.
gets a tax break for giving us health -- yes we if we are out there on our own -- -- the -- -- -- of that socks yes.
-- What about insurance Puerto portability.
Your dialect say it again we're covered individually not a News Corp.
but if we wanted to take our insurance coverage front seat -- seat.
From job to job or from job to god forbid no job and you can do that but you can't.
We can't you do.
You can buy -- get out of I've done this because I've been in between jobs Carrara cobra yes.
But that's only six months fast and very costly to doing so have to go through your previous employers to offer it to you matter certain period of -- that's another thing at the end I think would like to see happen and then -- markets for health insurance on the process so this means that individuals we -- -- -- risks and purchase insurance across the lines.
We cannot do history now but.
For example the government does this larger companies and that was they were sitting -- -- pools.
Right now wolf through the health care exchanges in the Affordable Care Act but we're waiting to -- here what's going to happen with patent -- and -- the registrant -- -- -- even if it lives it's not portable across state lines and so I -- previous comment about the tax credit would apply here to a publicity effort again but it would seem appropriate yes again these are just suggestions from the NFIB and -- classic -- to see is malpractice reform to limit some of these non economic.
Damages for malpractice suits because they're saying under the -- Standards for malpractice.
Costs go up and employee and and doctor patient relationships.
And Mike just.
You know good statement here the real world application.
The Affordable Care Act is that small business employers because -- face this -- Are gonna hire that fifty employee that then puts them over the top -- -- Actually want CN he's playing a case by case basis -- -- anti Israel he.
Not to eager to say whether or not they think that this -- -- -- employers stop offering altogether but I think it does give you some incentive to keep yourself at that level -- -- -- -- your costs are gonna go up and they're -- itself did any small business owners specifically say if they've actually held the line on hiring I presidency I haven't heard that I know that just -- -- -- I -- -- their optimism index are always saying that hiring is a concern because the cost to hire employees and even some of these tax incentive that the Obama administration is offering.
The hiring employees they're not really enough so not been an offset the costs actually we -- -- taxes yesterday it cost per employee to file taxes 15100 dollars for a small company which is that's really be called spread then in your small players out.
Kate Rogers appreciated you can read Kate's article layoffs foxbusiness.com.
On -- small business center was up there right now right.
And -- this small business senators one of tags that stuff yes that's small business that fox -- -- -- -- Rodgers thank you very much.
