SBA Poll Results: How has Obamacare impacted you?

The Question:

Now that Obamacare has been in force over 6 months, how has it impacted you?

43% - Obamacare has had no negative impact on me or my business.
11% - Our previous policy was cancelled because of Obamacare.

43% - The cost of our existing insurance has increased because of Obamacare.

3% - Our new policy is not as good as the one we had before Obamacare.

Jim’s Comments:

When we asked recently what the big challenges for small businesses were, Obamacare was no higher than third on a list of five. So it didn’t surprise me when 43% of our respondents to last week’s poll said Obamacare has had no negative impact on them. But that still leaves more than half who have been negatively impacted. And I fear that many of the first 43% will have a different story in about a year when the employer mandate goes into effect.

Obamacare is bad policy, it’s a bad law, it’s bad for the U.S. healthcare system, it’s bad for the economy, and it’s going to continue to be bad for most small businesses.

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