What Are The Facts?
There’s been a lot of talk about how the new health care bill affects small businesses. We’ve written many blogs on the various Silkin Management Group blog sites about this, trying to present the facts as we see it, based upon research done by experts.
Since Silkin Management Group clients are all small businesses, we feel it is important to stay on top of the facts regarding this and filter through the various opinions and hot air presented by people and politicians on both sides who have vested interests.
I recently ran across an excellent article written by the South Carolina director of the National Federation of Independent Business (the country’s leading small business association). You can access this article here: http://www.greenvilleonline.com/article/20100403/OPINION/304030005/1004/NEWS01/Health-care-bill-will-hurt-small-businesses
I suggest you read this article in full, but here are some of the highlights that the author points out:
• For many small businesses, the new bill is more of a tax increase than health care reform.
• Heath insurance costs are likely to increase rather than decrease for small businesses.
• The small business health care tax credit is very limited in size and scope and provides a dis-incentive for a small business to grow.
• The increase in payroll tax for Medicare will hit many small business owners.
Read the article and decide for yourself how the new health care bill might affect you as a small business owner. Knowing how this bill works is an important management activity for any small business owner. We recommend to all Silkin Management Group clients to know all about this law and its potential ramifications for their business.
Dave McKevitt
Consultant for Silkin Management Group
For information about Silkin Management Group visit our website at: www.silkinmanagementgroup.com or email us at: info@silkinmanagementgroup.com
{ 2 comments… read them below or add one }
I really enjoyed reading this.
Good data to have.