Obamacare's Catastrophic Effect on Small Business

During the debate over passage of Obamacare back in 2010, opponents warned that the effect on small businesses would be severe. They pointed out that businesses with less than 50 employees would be reluctant to expand, given the law's requirement that all businesses that employed more than 50 people would have to offer insurance.

There were also warnings that the costs of Obamacare would prevent small business from adding necessary employees. In other words, insurance requirements would drive the great jobs engine in the American economy and not business considerations. Small businesses create 70% of jobs in the US and placing shackles on that sector of the economy would be ruinous for job creation.

Flash forward nearly 7 years later and you can see the wholesale damage Obamacare has inflicted on small businesses.

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