Businesses: "Obamacare" brings burden,uncertainty

By: Rob Hughes Email
By: Rob Hughes Email

GRAND JUNCTION, Colo (KKCO) The U.S. Chamber of Commerce released its fifth quarterly small business survey recently. According to the survey conducted by Harris Interactive, only one in five small businesses expect to hire next year. As you dig deeper in the data and talk about the Affordable Healthcare Act, it only gets worse.

The Affordable Healthcare Act is forcing businesses nationwide to rethink planning and business strategy. "It's clearly impacted the business ever since it was passed," says Matt Collins, Chief Operating Officer with Lewis Engineering Inc. in Grand Junction. Lewis is like thousands of business executives feeling the pinch. "We get feedback from those that provide insurance to us; that they're raising rates in anticipation of increased costs due to this healthcare." Lewis engineering has 60 full-time employees. "Now with the recent Supreme Court ruling that it's a tax, we're just starting to see everyone positioning themselves to cover these increased costs, and it's just rolling downhill to small businesses," says Lewis. He does plan to hire next year, but is preparing for a new era. "In addition to the tax that the small business is going to have to pay through income tax and increased sales tax, and the litany of taxes that are in this program."

"The Affordable Healthcare Law has a lot of unknown impacts that will affect business," says Merritt Kinsey, President of Western Slope Industries, Inc. Kinsey has 63 full-time employees. "Most of the law seems to be focused on having those of us who carry health insurance pay even more than those who don't, so I think that's part of the problem we're facing," explains Kinsey. Kinsey isn't hiring next year, and isn't confident the law will help the private sector create jobs.
"I think it will create a lot of jobs in the government sector, but very few in private industry," he says.

Dan Roberts is the Chief Financial Officer with Mays Concrete Inc., a company of nearly 80 employees. Roberts says the company isn't hiring full-time employees next year, and the unknown variables are the hardest part to plan for. "We still don't really know what's coming down in the whole act yet; the things that our consultant tell us about will obviously have an impact on the plan that we offer right now," says Roberts.

The survey also reports following the Supreme Court's decision on President Obama's healthcare law, 72% of businesses say the healthcare law will make it harder for them to hire.

On a bright note, 68% of business owners say their sector is headed in the right direction.

For more on the survey, please copy and paste the following link into your browser.

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  • by smiley on Jul 19, 2012 at 05:57 AM
    At the discretion of the HHS director. That is one of the more worrisome parts of Obamacare. It gives the Executive branch, via the HHS unlimited power.
  • by Anonymous on Jul 18, 2012 at 08:18 AM
    Here are just a few of the taxes that are in the act: 1. Surtax on medical devices. 2. Limit on deduction of medical expenses (ie-pay more taxes. 3. Cap on your flex spending accounts (only so much money you can put into an account tax free) 4. Increased Medicare taxes for employers - yup, businesses have to pay more per employee 5. Capital gains tax increase (if its about healthcare, why is this in there?) 6. Tax on tanning 7. Surtax on "Cadillac" plans, which means increased premiums or deductibles. I know since I have one of these, but never considered it "Cadillac." It gave us the coverage that we need with a family and the right deductible. We have had to either increase the premium or double the amount of our deductible to stay at the same rate. Hmm... "Keep the same insurance." RIGHT!
  • by FairShare on Jul 18, 2012 at 04:42 AM
    All you rich business owners, listen up. Your time of treating employees like dirt is over! Pay up.
  • by Disgusted Location: Ritterville on Jul 17, 2012 at 10:32 PM
    Remember those that grovelled for democrat kickbacks and endorsed this travesty. Remember and ask yourself if such people are worthy of your respect and patronage?
  • by Wow on Jul 17, 2012 at 07:52 PM
    Considering Supreme Court Justices didn't even read the law, in it's entirety, why are you serving in Washington. Do you really think 'pretending' you read the 1700 pages of legislation entitles you to pass these sweeping generalizations without providing any details? Due tell...please give details with page numbers and paragraphs, so that the rest of us 'laymen', including Supreme Court Justices, can be enlightened to the impending 'democalypse' please.
    • reply
      by Anonymous on Jul 17, 2012 at 10:43 PM in reply to Wow
      Why should they? This new set of taxes only applies to the little people. Politicians, gov workers, and 2000 some businesses are exempt.
    • reply
      by Told You So on Jul 18, 2012 at 05:57 AM in reply to Wow
      The first publication was not 1,700 pages. I have no idea how many pages the monster act is now. If you want "details" you read it. I don't owe you cliff notes just because you and the Supreme Court are too lazy to educate yourselves. Or don't read it I don't care. Most people who support Obama's health care do not care about the "details".
  • by I Told You So on Jul 17, 2012 at 07:09 PM
    I read the act. It was a frightening read. Everything and anything we should fear as a country is in there. It is not about health care it is ALL ABOUT taxation and government growth and control. The goal of the act WAS never about improving health care. And anyone who thinks differently either didn't read the act or are flaming socialists. Businesses will crawl into a hole until they either find a way to pass on the cost. Which is very difficult in the economy. Or if in some miraculous wave of intelligence and political honesty they repeal the Obama Health Care disaster. So this health care plan could be the end of our society as we know it.
    • reply
      by Disgusted on Jul 17, 2012 at 10:56 PM in reply to I Told You So
      It is the end. Ever seen "Logan's Run?" That fiction was mild compared to the nightmare that is about to be enacted by the eugenicists.
  • by Hopey change on Jul 17, 2012 at 06:32 PM
    These businessmen, and women didn't build their businesses anyway! The government did! I heard this on CNN yesterday. PUKE!
    • reply
      by D on Jul 18, 2012 at 10:51 PM in reply to Hopey change
      Work on your comprehensions. The reference was about infrastructure, not businesses. Sounds like you get your news from bumper stickers, not CNN.
      • reply
        by Disgusted on Jul 19, 2012 at 12:09 PM in reply to D
        By your logic any business with a road in front of it should be a smashing success thanks to the leviathan. Yet businesses are still failing. How very odd......
        • reply
          by D on Jul 19, 2012 at 04:40 PM in reply to Disgusted
          @Disgusted: Do work on your comprehension. The logic was that the business without the road is not going to be a smashing success.
  • by Taxedpayer Location: Grand Junction on Jul 17, 2012 at 05:57 PM
    President Obama and the Federal Goverment has now declared war on us the American People.
    • reply
      by Disgusted on Jul 17, 2012 at 10:36 PM in reply to Taxedpayer
      Now? Your correct, but this has been going on for over 3 years. We were at war the moment the election was over and the zombies wondered home mindlessly chanting with a string of drool dangling. "Yes we can. Change change change."
      • reply
        by D on Jul 18, 2012 at 10:49 PM in reply to Disgusted
        That is ironic that you mentioned zombie chanting. All your points sound like original ideas based on reality and not something out of conservative fringe sources.
        • reply
          by Disgusted on Jul 19, 2012 at 12:07 PM in reply to D
          We will see who is the fringe in November. Lil Barry is finished. Jimmah Carter would have a better chance of being re-elected.
        • reply
          by D on Jul 19, 2012 at 04:37 PM in reply to D
          @Disgusted: We shall see indeed. Event if Romney makes it he's not much of difference after all. You tend to exaggerate the drama of both outcomes. As long as there is no desire to compromise nothing is going to get done.
        • reply
          by Disgusted on Jul 19, 2012 at 11:50 PM in reply to D
          @D. Like the compromise the democrat cowards enacted under cover of darkness and holiday on Christmas Eve 2009, is that what you are talking about?
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