Affordable Care Act affecting small biz - WNCT

Affordable Care Act affecting small biz

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 day after President Obama apologizes to the millions of Americans being dropped by their insurance companies, business owners react to Obamacare's broken promises.


Billy Walton, the owner of Children's World Learning Center in Greenville says the President reaffirmed what he already knows. The Affordable Care Act will impact small businesses. "It just takes the ability for us to do good things out of our pockets."

Walton, who's driven to succeed, says because of Obamacare he's had to scale back his plans to expand.

"The more we get taxed, whether its additional tax rates, or additional fees or additional programs like the Affordable Care Act, it all has an impact on how much money we have to expand and create more jobs."

Even with Walton insuring his employees, early projections suggest the company will have to fork over more than 50-thousand dollars, an expense he has to pass on or absorb himself.    

"There are potential ways for us to pass along the cost, which you inevitable have to do; but is it fair to the parents that already have to pay a lot of money for childcare as it is." Walton said.

Overall this is troubling news to policy experts who say the economy can't support more taxes and regulations. "It’s certainly placing a burden on at a time when we're still struggling with the recession." Brian Balfour, Director of Policy at Civitas said.

Documents obtained by 9 On Your Side shows that some employers even had their policies cancelled on them. The notices we received blame the ACA, which is a major consequence the Obama Administration said would never happen.

"It's becoming universally accepted that the president and the administration lied to us, telling us that if we like our plan we could keep it." Balfour added.

Nationwide it's expected that 90 to 100 million could lose the plans they have. Companies like Blue Cross and Blue shield, Cigna and Keiser have already come forward and admitted to this trend. (According to CNN)

However the president said most people getting cancellation letters will be able to get new plans at the same price or cheaper on the new marketplaces.

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