Most small business owners polled recently by a company that provides industry services say they don't think it's right for the federal government to force people to buy insurance.
The "SB Authority Market Sentiment Survey" asked more than 1,000 respondents whether a state resident ought to be forced to buy health insurance. Eighty-eight percent said no.
"We are amazed that business owners do not truly understand the potential reality of the Patient Protection and Affordable Health Care Act more informally known as ObamaCare," said Barry Sloane, chairman, president and CEO of The Small Business Authority.
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"There is wide spread theory that the PPACA will clearly reduce choice for private carriers and allow remaining carriers to continue to raise premiums subject to government regulation. If the Federal government, under the act, believes private insurers should not exist based upon pricing premium received versus coverage offered they effectively could eliminate this private sector business model. We are not taking the position that this will happen, we are only taking the position that this may happen and so few business owners (9%) think of this as a possibility. The Supreme court may rule the individual mandate and other parts of ObamaCare are unconstitutional and this would prove our survey participants were somewhat clairvoyant."
Small businesses rallied over President Obama's election in 2008, lured by the promise of tax cuts and health care initiatives.
In this Nov. 5, 2008 article from Inc., Angus Loten comments on the collective stance of small business owners, just days after Barack Obama triumphed in the presidential election:
Small-business owners and advocates are hailing the election of Sen. Barack Obama as the nation's 44th president, saying his sweeping victory could bring a measure of stability back to the economy and restore confidence among smaller employers…
In a drawn out battle with his Republican rival, Sen. John McCain, for the small-business vote, Obama pledged to cut taxes for small businesses earning less than $250,000 after expenses, while raising taxes on capital gains and dividend income among wealthier Americans. In a nod to entrepreneurs, Obama promised to exempt start-ups from paying capital gains taxes, lower the tax rate for the self-employed, and boost government investment in R&D.
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