Side Effects: Small Businesses Still Left Empty-Handed

Kathryn Nix / May 18, 2010

One of the great promises of Obamacare, you’ll recall, was that it would give folks working in small businesses better access to affordable care.  “It works for small business owners,”   Nancy Pelosi announced, “providing access to affordable group rates and creating a tax credit for them to help them insure their employees.” This sounded like it would be a huge help, because small firms struggle to find affordable coverage for their workers.

Unfortunately, the Obamacare small-business tax credit just doesn’t get the job done, according to the National Federation of Independent Business (NFIB), the nation’s largest small-business advocacy group.  NFIB reports that provisions aimed at expanding small-business-sponsored coverage will have little real impact—though their cost will be all too real. (more…)