Small Businesses, Big Concerns
In the wake of the Supreme Court’s decision to largely uphold Obamacare, small business owners are naming the “cost of health insurance” their top concern. While the debate is a hot-button issue today, small business owners have been concerned over the cost of coverage for the past 25 years, according to a new report.
In the National Federation of Independent Business’ (NFIB) newest report, Problems and Priorities, 52% of small business owners said this issue was “critical.” The NFIB report found health-insurance costs have increased by 103% for small businesses over the past 10 years, outpacing the rate of inflation and wages.
“Economic uncertainty” was ranked second with 40% of the vote, followed by “energy costs, except electricity,” in third place with 35% of the response. “Uncertainty over government actions” was tied in third place with 35% of respondents naming it their most critical issue.
Rounding out the top five issues was “unreasonable government regulations” with 34.1% of the small businesses surveyed naming it critical. The survey is done every four years by the advocacy group.
Uncertainty has become an increasingly burdensome issue for small businesses, holding them back from recovery and growth, the report states. For this reason, “uncertainty over economic conditions” and “uncertainty over government actions” were added to this year’s survey.
The survey also found that taxes are the most severe “problem
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