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re: Is the recovery being driven by increased entrepreneurship thanks to ACA?
Posted on 12/23/14 at 2:33 pm to mahdragonz
Posted on 12/23/14 at 2:33 pm to mahdragonz
quote:
wtf is that chart for?
Are you dense? OP is claiming the pre-existing condition clause (which went into effect in 2010) of the ACA has opened up entrepreneurship nationwide.
The chart proves that is false
1
Posted on 12/23/14 at 2:37 pm to jamboybarry
Posted on 12/23/14 at 2:40 pm to mahdragonz
So basically Obamacare is good for the entrepreneur with a PE condition, and bad for an entrepreneur who will be saddled with potentially increased costs.
This post was edited on 12/23/14 at 2:41 pm
Posted on 12/23/14 at 2:45 pm to HailHailtoMichigan!
Not necessarily.
The aca also stopped the upper limit on health insurance payout before being dropped.
If you are a business owner (which I personally am btw, so I think about this a lot), if you have a dad that has a premature baby...is that worker going to be more productive knowing insurance will pay for his 30 week old child and put his mind at ease, or do I want an employee who can't focus because a million dollar limit can be reached in less than a few weeks in a nicu and I have a stressed out employee?
The aca now gives me a worker who can focus on his family and job and not fighting an insurance company.
So I might pay more for insurance costs but I also benefit from more productive employees.
But then again I am a boss that has a kids code charge where my employees are given so many hours a year where they can take off and go with their kids for field days and shite like that and charge it to overhead. I have happier employees who make more money for me.
It's not actually called kids code though so we wouldn't be sued from people without families but we use that to recruit people.
The aca also stopped the upper limit on health insurance payout before being dropped.
If you are a business owner (which I personally am btw, so I think about this a lot), if you have a dad that has a premature baby...is that worker going to be more productive knowing insurance will pay for his 30 week old child and put his mind at ease, or do I want an employee who can't focus because a million dollar limit can be reached in less than a few weeks in a nicu and I have a stressed out employee?
The aca now gives me a worker who can focus on his family and job and not fighting an insurance company.
So I might pay more for insurance costs but I also benefit from more productive employees.
But then again I am a boss that has a kids code charge where my employees are given so many hours a year where they can take off and go with their kids for field days and shite like that and charge it to overhead. I have happier employees who make more money for me.
It's not actually called kids code though so we wouldn't be sued from people without families but we use that to recruit people.
This post was edited on 12/23/14 at 2:53 pm
Posted on 12/23/14 at 2:59 pm to mahdragonz
quote:
So I might pay more for insurance costs but I also benefit from more productive employees.
Any evidence for this productivity effect, other than a hypothetical?
Posted on 12/23/14 at 3:28 pm to mahdragonz
quote:
The aca now gives me a worker who can focus on his family and job and not fighting an insurance company.
You seriously believe this?
Posted on 12/23/14 at 3:59 pm to HailHailtoMichigan!
quote:
So basically Obamacare is good for the entrepreneur with a PE condition, and bad for an entrepreneur who will be saddled with potentially increased costs.
PE Conditions is a good thing for folks with them, but the additional costs to everyone else is the kicker. I'm not trying to sound heartless - it's just math. I may end up as the beneficiary of this part of the law, but it's still the crux of that side of it.
Large companies are also experiencing added costs if they offer group plans, and premiums for employees in the plan are going up. So while people might be able to find measures that indicate that the number of small businesses are increasing, the decrease in take home pay due to higher premiums could spur real economic growth by keeping consumer spending lower than it could be.
And employment numbers are still in the shitter, so that doesn't help either.
Posted on 12/23/14 at 3:59 pm to HailHailtoMichigan!
You may well see more startups in the future due to the ACA handling insurance issues. I know of several people who wanted to start their own business but were worried about health insurance. Of course, that is just one factor in starting a business.
On the other hand, the increase of premiums and reduction of benefits have been a drag on the economy.
I would say overall, ACA is probably a small net drag on the economy. But new business creation is certainly helped by ACA.
The sweet spot is to start your own business and employ less than 50 people.
On the other hand, the increase of premiums and reduction of benefits have been a drag on the economy.
I would say overall, ACA is probably a small net drag on the economy. But new business creation is certainly helped by ACA.
The sweet spot is to start your own business and employ less than 50 people.
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