Dispelling Myths About the Affordable Care Act

As a business owner, it can be difficult to understand how the Affordable Care Act can affect your business. So to help clarify the myths versus facts, the Small Business Administration is launching a new blog series called “Myth vs. Fact: The Affordable Care Act and Small Business.”

One prominent line of thinking that seems to recur frequently is the idea of making sure your business never reaches the 50 full time employee threshold that places you under the financial dictates of the Affordable Care Act.  The idea is to layoff or never hire that last employee in order to avoid the financial consequences of having to provide health care insurance for all of your employees.  My question is this, doesn’t this kind of thinking allow the competition to come in and steal market share by serving those customers who are not getting the proper attention from your 49 employees?

I’m just saying, The Affordable Care Act may not be a pillar of the laissez-faire free market economics but failing to adequately serve your customers will almost certainly bring the wrath of the free market down on your head.