Health Care and Small Business - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Health Care and Small Business

Ryan Cody
NewsChannel 10

Amarillo, TX - It was the vote that was supposed to change health care for all of us, but tonight local business owners still question if that change is for the better. Almost 80 percent of our nation's small businesses have just 10 or fewer employees, making it difficult to provide health insurance. Which is why less than half of them do.

When President Obama signed the massive health care reform bill, he vowed it would be a positive thing for employees of small businesses.

Brett Taylor owns Sir Speedy in Amarillo and does provide his employee's health coverage. But he says there are just too many un answered questions. "Small business is frustrated because they don't know what's going on."

Like local business owner Don Sanders. He wonders how the overhaul will affect his bottom line. Especially since small businesses like his already pay 18 percent more per worker than larger companies for the same insurance.

"It seems as though to hold costs in check we end up buying less insurance and so there is less coverage for the employees."

Another question remains about the tax credits to certain businesses who can provide qualified coverage. "If they're providing health care coverage at a certain level already then the tax breaks could be a benefit," says Taylor.

But if they aren't, the tax credit will be less than the cost of insurance. "They're going to have a large expenditure item that they don't already have every month."

Sanders says the new system isn't all bad if everyone who needs insurance will now have it. "Having insurance for the entire nation is a thing that we should do. But I'm not sure it's going to benefit the small business."

With so much still up in the air, experts say to stay in touch with your provider regularly.

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