The number one concern facing most small businesses in America is the pending implementation of Obamacare. That was among of the findings of the U.S. Chamber of Commerce quarterly survey of small businesses.
74% of small businesses say they will fire workers and cut workers’ hours under Obamacare.
“With this mandate the unemployment rate will go up because they will drop those people to below full-time,” says Dr. Wayne Alani of “The Alani Docs”, heard weekends on KTRH. “The health care costs are going to go way up, so I think what’s going to happen is that a lot of people are going to lose their job.”
The survey found that only 30% of small business owners say they are ready for or even understand the law. 27% says they will cut hours to reduce full-time employment, 24% will reduce hiring, and 23% plan to replace full-time employees with part-time workers to avoid triggering the mandate.
“As long as they have less than 50 employees, or as long as those employees work less than 30 hours a week, they do not fall subject to the law’s mandate,” Curtis DuBay of the Heritage Foundation told KTRH.
77% of respondents to the survey say the U.S. is on the wrong track. Concerns about regulations are up from 35% last quarter to 72%.