Often when people are looking for a job part of their main criteria is being afforded health insurance or some kind of supplementary coverage program through the employer. This is also true for small businesses when they are looking to hire a/or more employee(s). The usual consideration for a small business owner is that if they cannot afford to pay for an employee to have medical insurance then they will not hire that employee.
This partly the case, because if an employee were to get hurt at any workplace the business owner could be held liable for the medical bills. Insurance would be great here. When the Healthcare Reform bill was put into place it was put into place in order to protect small business owner from having to shut their doors for not being able to hire new employees. The effects for small businesses are as follows.
Advantages Of Healthcare Reform For Small Businesses
1. Employer- Provides the employer with tax credits in order to afford to hire more employees and place them under their insurance plans. This creates room for growth and expansion.
2. Employee- The healthcare reform bill provided employees with 3000 dollars in benefits per year under their current insurance plans. This created more jobs and opened the market for job seekers to get hired.
3. Jobs- By creating 4.5 million jobs around the country the healthcare reform bill quelled the largely expanding national unemployment numbers. Many jobs cannot be created without the help of medical insurance and the services provided to families through health insurance are vital.
The ability to provide insurance to employees is key in the expansion, growth, and even survival of small businesses across the country. Without the ability to open these jobs the unemployment levels across the nation would have surely remained high.