As a small business owner, I am extremely concerned about efforts to repeal the Affordable Care Act. Repeal would be a major blow to the small business community, as many of us rely on the provisions and coverage available under the ACA to get health insurance for our employees, our families and our businesses.
The ACA has allowed many entrepreneurs, especially those with pre-existing conditions, to leave traditional jobs with employer-sponsored coverage to pursue their dreams of owning a business. What’s more, many small businesses are eligible for tax credits to help offset the cost of providing coverage, allowing more employers to access comprehensive and affordable health insurance.
Many politicians who are seeking to repeal the ACA are the same ones who claim to be pro-small business. But repeal will discourage current and future entrepreneurship, especially among those with pre-existing conditions, and will ultimately hurt local economies. If the law is repealed, 23 million people would lose their health insurance, and more than one million jobs would be lost. Many of those affected would be small business owners or employees.
Repealing the healthcare law will cause tremendous instability in the markets and cause premiums to skyrocket, hurting small businesses and the economy overall. These are risks we just can’t afford to take. Please stand with small businesses and use your vote to stave off repeal of the Affordable Care Act.