One year after President Barack Obama signed the Patient Protection and Affordable Care Act into law, new data suggest the majority of California small businesses remain unclear over the bill's stipulations.
A survey released Monday by Pacific Community Ventures finds 57 percent of small firms in the Golden State are unfamiliar with tax credits available this year that are intended to balance the costs of providing health insurance for employees.
Additionally, 62 percent of small businesses know nothing about the insurance markets or exchanges that are set to be created in 2014 to help employers shop for and compare health plans.
"This survey shows the tremendous opportunity to further inform small business owners about the healthcare act's core benefits available to help them offer insurance," said Beth Sirull, executive director of Pacific Community Ventures. "Armed with this information, small businesses will play a vital role in covering great numbers of uninsured workers to buoy our economy with a healthy, productive workforce."
On a positive note, more than half (52 percent) of respondents stated they are more likely to continue providing insurance because of the healthcare bill.
Although the bill remains a controversial topic, many analysts are hoping it will incentivize entrepreneurs to incorporate in California.
Tags : ca, incorporation news, operations, small business management
Posted: Mar 21st, 2011