The expense of health insurance makes it an obstacle for small businesses, but it's the one benefit employees tend to seek more than any other when job hunting. A business may find itself out of the running for a qualified employee if they can't offer this benefit.
Obama's plan, discussed with Latino advocacy group National Council of La Raza in Boston, called for offering a tax credit to businesses that give employees health insurance. The Boston Herald noted how Obama's political foe Hillary Clinton advocated a similar plan.
"My plan won’t impose any new burdens on small businesses. Instead, we’ll help them not just create new jobs, but good jobs - jobs with health care, jobs that stay right here in America, the kinds of jobs we need in our communities,” he said.
The National Federation of Independent Business said on its Fixed For America website that of the 47 million Americans who lack health insurance, over 28 million are small business owners, employees, or dependents. NFIB has been working with the House for a year on changes to the Small Business Health Options Program (SHOP) Act, which includes a tax credit for small businesses.
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Comments
I think that this is a great
I think that this is a great idea. But what we really need is universal health coverage.
Spread our money around...
Spread our money around... why not?
Is this small buisness
Is this small buisness offering health insurance mandatory for ALL small buisness owners or just those pulling in more than 250K?
Tax Benefit
I know this would make a lot of employers happy.
great
I think that Obama has done a great job in bringing the US population public health insurance. I think that it is an integral part of the UK and other nations' public life. In many ways, access to healthcare is a basic human right. I have been following developments at the insurance index that lists health insurance sites at http://www.dozeninsurance.com recently. I feel that Obama is doing a good job for the USA overall, it has only been a year. So let's stop giving him a hard time and let him get on with his job. After all, he is a doing a lot better than the previous President ever did.
I worked 5 years without
I worked 5 years without having a health insurance, if I needed medical care I could not afford because I had a mortgage contract and two kids at school. My colleague had to search for Drug rehab centers in Illinois, it is very hard to find an appropriate one without having a health insurance. After I opened my business with a couple of my friends we decided to provide health insurances for our workers, the profits were small because it costs a lot. After Obama`s tax credit for health insurance we began to have more money and hired 15 more people.
It is hard to hire
It is hard to hire valuable specialists with years of experience when you cannot offer them a health insurance, many of them don`t accept to work at a company that is not able to provide for him a health insurance. Our accountant had to stay in a private drug rehab and our company could not afford to pay for his staying, he told me he will not work with us ever and quit. A tax credit would be great; we could solve a lot of problems and keep our valuable workers.
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