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Most Small Businesses Do Not Understand Requirements of Health Reform Law
Wolters Kluwer Law & Business Nov. 13, 2012 "Based on their size (fewer than 50 employees), only two of the businesses surveyed would be required by the ACA to offer health insurance coverage to employees in 2014. However, one-third (34 percent) incorrectly believed that they were required to buy insurance for employees in 2014, while 35 percent were not sure. Nearly 70 percent either incorrectly believed or were not sure whether they would be required to pay a tax for not providing health insurance in 2014. Only 31 percent of respondents correctly said that the reform law does not require them to a pay tax if they do not offer insurance." |
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