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 Obamacare), 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.