6 ms·
> One thing the ACA definitely did was help a lot of founders start their companies--without it, being a founder would make sense for less people Hmm. I've hea
by rdtsc 10y ago
> One thing the ACA definitely did was help a lot of founders start their companies--without it, being a founder would make sense for less people
Hmm. I've heard many small companies could not afford to provide health insurance for their employees after ACA passed ( I don't know the details of exactly the causal chain there ). So they stop providing it and pushed people to use ACA which had ridiculous price hikes and also in some states companies withdrawing from the exchanges.
In other cases I've heard companies have pushed people part time status in order to avoid having to provide health insurance and other benefits. I think that is mostly lower wage employment.
My own rates working for a small company a few years before the ACA and after went up much high even before ACA was about to pass in anticipation. There the insurance representative who we talk to every year stated clearly why there is an increase -- because of the volatility and unknown effects of ACA they decided to increase prices. After it passed and was being phased in our rates were going up much high.
Some things were nicer, like no pre-existing conditions, no lifetime maximum, some free preventative checks overall it has been worse.
Now, no doubt it has helped many people, but I am not sure if small businesses and their employees (especially in the tech sector) saw a benefit.
- BryantD 10y ago> I don't know the details of exactly the causal chain there... This is a really sincere recommendation: if I were you, I would research that and figure out if it's true or not. There is plenty of propaganda going around on this subject from all sides; it's dangerous to rely on things you've heard.
- rdtsc 10y agoHave you? What do you think is the reason?
- BryantD 10y agoThe reason for what? I can't even seem to validate the original claims, so...
- rdtsc 10y ago>>> . I've heard many small companies could not afford to provide health insurance for their employees after ACA passed ( I don't know the details of exactly the causal chain there ) >> if I were you, I would research that and figure out if it's true or not. > I can't even seem to validate the original claims, so... I was just asking if you knew the reason already or have looked into it.
- BryantD 10y agoRight. I'm saying I don't know if "many small companies could not afford to provide health insurance..." is accurate. I don't know how we're defining small companies (if they're under 25 full time employees, the mandates don't apply). I don't know how we're defining "couldn't afford to." What effects count? Are we saying that the rate of businesses going out of business has increased? Etc., etc. Once there's some data, we can have the perhaps more interesting question of whether or not it's worth it. No question but that increasing the number of people with health insurance costs money and that has to have some effect.
- rdtsc 10y agoMakes sense. Sorry, I think my question sounded snippy. I didn't mean it that way. I ask for opinion here often because I trust users here more than any other online forum.
- mikeyouse 10y ago> Hmm. I've heard many small companies could not afford to provide health insurance for their employees after ACA passed ( I don't know the details of exactly the causal chain there ). So they stop providing it and pushed people to use ACA which had ridiculous price hikes and also in some states companies withdrawing from the exchanges. This may have impacted some companies, but none of the ACA small-business provisions were phased in until your company has more than 50 full-time employees. If your startup gets to a point where they have 50 employees, you should probably spend the money to get them health care.