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Philly Fed survey of small biz owners shows ACA is doing pretty much

AlwaySC

Alumni
Jan 17, 2002
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what many of us here thought it would. That is lowering employment, raising costs, providing less coverage and choice, and increasing outsourcing. The irony is that the employer mandates haven't kicked in yet in terms of the penalties, etc., but you can bet that almost everyone who will be affected by it has adapted. Will be interesting to see what happens during the next downturn when employers may have to cough the penalties.

Tangentially, I have some family in the restaurant business and they were telling me that only about 28% of their employees signed up for employer coverage because it was too expensive for most. They employ about a hundred people, most of whom are full time employees, so that's going to be a hit of about 144k to their bottom line next year if things don't change.

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