Wednesday, November 27, 2013

Small Businesses cancelling Health Insurance plans for Employees

The US government promised that will be ready and run without glitch by the end of this week. However, CBS News reports that employees form small businesses are losing their insurance coverage. 

The government estimated that millions of workers would be dropped from their work insurance under the Affordable Care Act, it's already happening now.

Nancy Clark owns a small business in New Hampshire, she was featured last year in a White House video blog, said that things are not right for her plan. She said that her insurer will increase her rates by 39: starting next year. Insurance that will cost her an additional $30,000.

Because of this she decided to terminate the insurance she's offered her 8 employees and turn to Obamacare, but there's been one problem after another.

“We’re experiencing technical difficulties. That's the nature of the beast,” said Clark.

Betsy Atkinson owns a business in Virginia Beach is also cancelling company insurance because her plan doesn't meet new Obamacare requirements and she can't afford to offer employees one that does.

“They’re going to have to go find their own insurance,” she said. “I’m sorry.”

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