Here are this week’s links to a few good stories that we found and selected because we feel they might add valuable insights and perspectives for small to medium size businesses.
- Kent Hoover, Washington Bureau Chief for the Boston Business Journal, suggests that some studies show as many as 1.5 million workers might end “job lock” and strike out on their own as the result of the implementation of the Patient Protection and Affordable Cara Act (PPACA). Government subsidies and the change in pre-existing conditions requirements might be two of the catalysts for this movement. Read more in Will Obamacare End Job Lock?
- As the implementation of PPACA approaches, it is pretty clear that businesses with more than 50 employees will face some serious challenges. In a May 29, 2013 piece written by Emily Maltby and Sarah Needleman of the Wall Street Journal, decisions being considered by three companies are discussed in Sizing Up Health Costs. One of the companies will likely choose to keep providing insurance rather than choose the “pay of play” option as they consider this decision one that will provide a competitive edge. We have always held that a robust health care offering is a key component for the long term success of most small businesses.
- Finally, Celebrity Chef Mario Batali speaks candidly about PPACA in an interview with Inc. Magazine. Hear what he has to say in a short video entitled Profits – What Obamacare Means For My Business.