Thursday, April 24, 2014

ACA affects employment expansion

A new survey demonstrates the Affordable Care Act's negative impact on employment. According to the Journal, "nearly half of small-business owners with at least five employees, or 45% of those polled, said they had had to curb their hiring plans because of the health law, and almost a third—29%—said they had been forced to make staff cuts, according to a U.S. Bancorp survey of 3,173 owners with less than $10 million in annual revenue that will be released Thursday." WSJ editorial, April 24, 2014

“As part of its "Faces of the Affordable Care Act" multimedia feature, the Journal is profiling two small businesses—T. Cain Grocery Inc. of Fairhope, Ala., and retail and wholesale bakery Ovenly LLC of Brooklyn, N.Y.—and it will revisit them periodically to update readers on critical decisions they face or have made as they cope with the law.”  WSJ report

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