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Insurance Costs Stopping New Business
Yahoo featured an article today about a study done by the Kauffman Foundation t(one of the leading advocates of entrepreneurs in the world!) that found that the raising cost of health insurance is preventing entrepreneurs from starting businesses. Carl Schramm, CEO at the Kauffman Foundation asks:
“Would we have 100,000 more (business) starts next year if people thought they could go buy affordable coverage?” The study answers yes.
I could not agree more. One thing that prevents people from striking out on their own and keeps then in their jobs is health insurance. Individuals and small groups always pay more.
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Del on August 22nd, 2005 12:08 pm
what can companies do to receive cheaper healthcare?
is there an opportunity for entrepreneurs in this situation?
can an entrepreneur start up a limited, lower rate health insurance company for other entrepreneurs?
what’s your take on this Barry?
KC on August 22nd, 2005 5:15 pm
Some of us are essentially opting out of the current system by doing a Health Savings Account: http://blogs.caseysoftware.com/?q=node/40
Del on August 22nd, 2005 5:46 pm
but if you only have $20,000 in your health savings account and you need a $70,000 operation… how do you pay for the difference??
explain please
Dane on August 22nd, 2005 6:13 pm
From what I understand, there is an out of pocket limit.
Helen on October 30th, 2005 2:08 am
Im looking at staring a small business in beauty therapy. Want to know about insurance for the business if you could help.
California Health Insurance on November 4th, 2005 3:33 pm
It is unfortunate to hear so many businesses are not opening up over the cost of health insurance. Health insurance is a major aspect to many individual and with group health the business can have benefits as well as the employees.
John on February 20th, 2009 12:35 pm
It is so unfortunate that employers can’t even afford coverage for their employees anymore. I how Obama can implement the changes in our Healthcare system that he has promised!
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