Home | 41 Percent of Small Business Owners Have Frozen Hiring Because of Obamacare
41 Percent of Small Business Owners Have Frozen Hiring Because of Obamacare
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A new poll of business owners about how Obamacare has affected employment decisions is positively brutal for the health law.Via CNBC:
Forty-one percent of the businesses surveyed have frozen hiring because of the health-care law known as Obamacare. And almost one-fifth—19 percent— answered “yes” when asked if they had “reduced the number of employees you have in your business as a specific result of the Affordable Care Act.”
The poll was taken by 603 owners whose businesses have under $20 million in annual sales.
Another 38 percent of the small business owners said they “have pulled back on their plans to grow their business” because of Obamacare.
Only 9 percent of the businesses surveyed thought the law would be good for business. Another 39 percent thought the law would not have much effect. More than half—55 percent—said they expected Obamacare to result in higher health care costs.
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