(A version of this Health Alert was submitted as testimony to the hearing, “King v Burwell Supreme Court Case and Congressional Action that can be taken to Protect Small Businesses and Their Employees,” held on April 29, 2015, by the U.S. Senate Committee on Small Business and Entrepreneurship.)
A number of independent sources confirm Obamacare is harming small businesses. According to a paper published by the American Action Forum last September, the increased burden of regulations and rising health insurance premiums have reduced pay in firms with 20 to 99 employees by at least $22.6 billion annually, and has led to 350,000 job losses. Employees who kept their jobs have seen a decrease in pay of just under $1,000 annually.
Read the entire Health Alert at NCPA's Health Policy Blog.