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Thursday, March 30, 2017

If Congress Is Serious About Job Growth, It Needs To Reject The New Health Care Plan

For many years, company-sponsored health care was a boon to workers who paid reasonable rates and didn’t have to worry about not being able to see a doctor. But this system had a hidden drawback — it discouraged people from leaving their jobs to set up their own businesses. Even with insurance, a serious medical problem can easily bankrupt a family. For many, the risk of going without it was just too great.

The Affordable Care Act changed all that. It gave budding entrepreneurs a way to leave their jobs, start new businesses and create new jobs. According to figures from the Treasury Department, in 2014 one in five consumers who bought health care on the open market was a small business owner or was self-employed.

It’s no small thing that the ACA unleashed that kind of latent entrepreneurial spirit in many Americans. While it wasn’t the main objective of the ACA, it was a crucial side benefit and one that the government should be doing all it can to maintain.

More at: https://www.forbes.com/sites/mikemontgomery/2017/03/22/if-congress-is-serious-about-job-growth-it-needs-to-reject-the-new-health-care-plan/#1c6bfe61c7c4

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