Whether we like it or not, Obamacare is here to stay, at least for the next few years. If you are like us, as small business owners, we were hoping and praying that the US Senators and Congressmen would wake up and rescind this. But it appears that most of these elected officials graduated from Coullion University, because most will readily admit that they never even read the bill! It appears that this bill will hit US small businesses extremely hard in the pocketbook. Why? In the US, almost 80% of the new jobs created in this country every year are created by businesses with less than 10 employees. And, a lot of these small businesses are already struggling to survive.
What can you do to arm yourself with the latest information about Obamacare and how it will affect your small business? Get informed and stay informed. Ask questions of your accountant, and health insurance agent. Join a national association that, from day one, has kept its members informed: the National Federation of Independent Business-NFIB.
Not staying on top of Obamacare can be somewhat like ordering the wrong seasoning on your crawfish-you ordered medium seasoning, but when you got halfway through the pile, you realize that you got hot and spicy. Then it was too late to stop, and you had to pay for the order anyway.