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Health Reform Expected to Untether Job-Locked Entrepreneurs
- cantastoria 17y agoThe evidence for “job lock” is strong. One example: Americans’ likelihood of self-employment jumps when they turn 65 and become eligible for Medicare It's much more likely that people over 65 have started receiving their Social Security/401k benefits and have another source of income which minimizes the risk. I'm not sure why people think insurance is going to be more affordable now. There are aren't any real price controls in the Health Care bill. Exchanges may lower the price but if Massachusetts is any guide premiums are going to increase. There seems to be this belief that the government is going to mail you an insurance card if you don't already have coverage. I think a lot of people are going to be shocked once they find out what the government has signed them up for.
- ticktock 17y ago(all true) - I still think the premise of the article has merit. I'm wondering what the employer can/will do to offset this turnover?
- BearOfNH 17y agoI suspect here in the USA we'll have many new entrepreneurs created by the layoffs that will come when marginal companies find they can no longer afford good - but not great - employees.