As October 1st. approaches, news about the Obama Cara Act is inundating the news. Whether you agree with the Act or not, it seems everyone has an opinion. The conflicting issue that poses for small companies-small business- owners is an issue that is not a laughing matter. Read the articles below if you want to find more about this issue.
Will the Health-Care Law Help Small Businesses?
Change doesn’t get much bigger than this.
Or more contentious.
President Obama’s Patient Protection and Affordable Care Act has rewritten the rules on health insurance. And it has left small companies scrambling to figure out what it means for them.
The section that has caused the most fuss among businesses is the so-called employer mandate. Companies with 50 employees or more must provide health coverage or pay a fine. And that coverage must meet new minimum standards.
Ohio predicts rate increases under ObamaCare
Ohio’s GOP insurance commissioner is projecting a marked increase in health insurance rates under ObamaCare, adding fuel to the debate over how the healthcare law will affect premiums.
The state insurance department announced Thursday that individual health policies in Ohio will cost an average of 41 percent more next year.
Plans available to small businesses will cost 18 percent more on average, officials said.
The figures reflect averages of all the plans that will be available in the individual and small-group markets, not the price consumers will be asked to pay.
Fraud Charges Won’t Help Small Business Lending Pioneers
Since launching SoMoLend, a startup that connects small businesses seeking loans with banks and individual lenders, Candace Klein has been an outspoken proponent of the JOBS Act, touting the law’s potential to unleash a flood of financing for small firms. Peer-to-peer lenders such as Lending Club and Prosper have already shown that individuals are willing to lend consumers billions, and Klein sought to bring the same crowdfunding principles to small businesses seeking loans.
Now Ohio’s securities regulator wants to shut her Cincinnati-based business down, alleging she lied to investors and sold securities without necessary licenses.
