Don’t worry, though, ObamaCare will fix all this or something.
Healthcare costs for small businesses have doubled under President Obama, according to a new study.
The report from the National Small Business Association (NSBA) surveyed 780 small business owners and found that healthcare cost increases are preventing many companies from growing.
The study found the cost of providing health insurance to employees has nearly doubled during the Obama administration. Currently, small businesses pay a monthly average of $1,121 per employee for health insurance premiums, up from $590 in 2009.
According to the study, 91 percent of small businesses saw their healthcare costs go up during their most recent renewal period.
A prominent House Republican pointed to the study as “further evidence” that ObamaCare is hurting small businesses.
“Surprisingly, there are some that deny the healthcare law is hurting the economy or small businesses, despite the mounting evidence of the law’s ill effects,” said Rep. Sam Graves (R-Mo.), chairman of the House Small Business Committee.
We’re sure this will quickly be debunked as part of the Vast Koch Brothers Conspiracy.
These price increases have kept many small businesses from growing, the report argues. Two-thirds of the companies said they had less profit to put toward expanding their business, because of an increase in the cost of insurance.
On the upside, they could just go out of business and enjoy their lives more, unshackled of the arduous burden of working for a living.