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This isn't just an Iowa issue. When I talk to early stage entrepreneurs looking to raise seed capital healthcare is almost always one of their biggest concerns
by bspn 9y ago
This isn't just an Iowa issue. When I talk to early stage entrepreneurs looking to raise seed capital healthcare is almost always one of their biggest concerns - both for their own families as well as the impact it will have on recruiting the necessary talent.
PEOs help early stage companies to a certain extent, but for a pre-revenue company the cost of healthcare is almost always going to be a significant burden that funnels valuable cash away from the product and shortens the runway. But without a decent benefits package, start-ups have almost no hope of attracting key talent especially if those prospective employees have kids, so they (and their investors) are forced to just suck it up.
Healthcare in the US is a ticking time bomb with the potential to significantly impact our long term growth (if it isn't already). Unfortunately we're in a situation where for-profit insurance companies, for-profit health networks, and for-profit pharma companies are all fighting for their share of the pie while pushing increasing costs onto the average consumer. I wish I knew what the fix was - other than an unattainable single-payer system - but we need to find something and find it fast.