Obamacare Could Lead To 33% More New Businesses Starting Up

Despite many calling “Obamacare” the largest tax ever imposed by a government on it’s citizens and objections by businesses to parts of the Affordable Care Act (aka calculatorObamacare), as many as 33% more new small businesses could be started, over the next few years as a result of the law, the WSJ reported as estimated by, The Kauffman-RAND Institute for Entrepreneurship Public Policy.

 

Why the projected increase?

 

Great business ideas aren’t limited to the affluent or the young, however without a significant savings cushion, a luxury many people don’t have. Leaving a safe corporate job with benefits, just doesn’t seem like an option, especially those with pre-existing conditions, from starting their own business is the ability to get robust and affordable health insurance. People seek out and keep corporate jobs, not because they want to, but because they feel like they have to.

 

The Affordable Care Act (Obamacare) could potentially solve that by offering people who start businesses coverage through state or federally run marketplaces for insurance (exchanges).

 

This could provide a boom for network marketing companies as well as industries that cater to providing products and or services to small businesses over the next few years.

 

Build Your Own Dreams or someone else will hire you to build theirs!

 

Author: Rick Chapin

Having spent most of my adult life engaged in sales and marketing as well as a decade of preparing income tax returns for small businesses, individuals and real estate investors. Running your own business is not easy, you must utilize all the tools available to aid in your business development, I believe your personal development is equally important. I have for many years had knowledge and interest in small and medium sized businesses as it relates to allowable deductions, tax deferred exchanges and other tax treatments, I have also, for many years invested in books, tapes/cds for inspiration and motivation, so it seemed a natural fit for me to become involved in aiding in people in business development as well as their personal development.

Leave a Reply

Your email address will not be published. Required fields are marked *