West Virginia is anticipated to grow 6,000 new self-employment careers with the Affordable Care Act fully implemented.
Research
evidence of pre-reform job lock and empirical research demonstrating a
significant increase in self-employment because of significant health
care reformsor availability of Medicare benefits, strongly suggests that
the level of self-employment in the United States will increase as a consequence of full implementation of the ACA. Taking into account the most recent findings
in the economic literature on this topic, we make a rough estimate that
the number of self-employed individuals will increase by about 1.5
million, a relative increase or more than 11percent. The anticipated
effects vary by state, since somestates have already taken policy steps
that facilitate independently purchased coverageby the self-employed.
Most notably, we do not predict any change in self-employment in
Massachusetts or Vermont, the states that have gone the farthest in this
regard. With those exceptions, we do, however, expect noticeable
increases in self-employment across the country as the ACA’s provisions
for guaranteed issue, modified community rating, essential health
benefits, improved transparency, and financial assistance for those with
incomes below 400 percent FPL are put in place.
This is something the Herald-Dispatch discussed on it's website.
Affordable Care Act will promote entrepreneurship (click here)
A new report published last week suggests that the
Affordable Care Act may be good for new business in the Mountain State.
The report by the Robert Wood Johnson Foundation found that the number
of self-employed people in West Virginia should rise by 6,000 after
2014. The reason? Better access to affordable health insurance.
In addition to the usual risks involved with starting a company, a major barrier people face in setting out on their own is the difficulty in obtaining health insurance in the individual market. Those who do start their own businesses are often able to do so because they have a spouse with employer-based health insurance.
In West Virginia, where over 80 percent of those under age 65 who have health insurance get it through their employer, leaving a job means leaving the guarantee of subsidized health coverage for the uncertainty of the individual health insurance marketplace. Economists and health policy experts agree that tying health insurance to employment results in people staying in jobs that they might otherwise leave, also known as "job lock."...
Jun. 11, 2013 @ 12:00 AM
In addition to the usual risks involved with starting a company, a major barrier people face in setting out on their own is the difficulty in obtaining health insurance in the individual market. Those who do start their own businesses are often able to do so because they have a spouse with employer-based health insurance.
In West Virginia, where over 80 percent of those under age 65 who have health insurance get it through their employer, leaving a job means leaving the guarantee of subsidized health coverage for the uncertainty of the individual health insurance marketplace. Economists and health policy experts agree that tying health insurance to employment results in people staying in jobs that they might otherwise leave, also known as "job lock."...
When Senator Machin has venture capitalists agreeing with him, he needs to double and triple check his facts. According to Mr. Romney venture capitalists need a tactic to use against the American people. Really, Mitt?
