One in eight small businesses have terminated their health insurance plans since the passage of President Obama’s health care reform, or expect to do so.
This figure comes from a National Federation of Independent Business report which surveyed small businesses one year after the passage of the Patient Protection and Affordable Care Act.
The report, released today, found prevailing negative attitudes about the law’s impact among small business owners.
The NFIB study also found 20 percent of small employers expect to significantly change their benefit packages the next time they renew their health insurance plans. Almost all of them expected to see diminished benefits, increased employee costs, or both.