This pair of stories from The Associated Press outlines how confusing the health law can be for both small business owners as well as the self-employed with high income.
The Associated Press: Health Care Law Perplexing To Business Owners
Restaurant owners Colleen and Tim Holmes were considering opening a third business in a growing upstate New York suburb but decided against it. One factor was the risk from expanding their staff beyond 50 full-time employees and having to provide them federally mandated health coverage. Despite knowing the penalty for that part of the Affordable Care Act had been postponed for a year, the couple said their margins are thin and the requirements and costs under the law remain unclear (Virtanen, 9/11).
The Associated Press/Washington Post: Health Care Reforms Likely To Raise Insurance Costs For The Self-Employed With Higher Incomes
President Obama's health care reforms will be a huge boost to the working poor but are likely to make life more expensive for Aaron Brethorst and others like him. The Seattle software developer and consultant doesn't have a problem with that because he figures he'll be able to afford quality insurance. He says his annual income is in the low six-figures, and he expects to receive better coverage once the Affordable Care Act kicks in (9/12).