Survey: Small Business Owners Worry About Health Care Costs
The survey results from the San Francisco-based advocacy groupÂ are based on responses from more than 1,000 small business owners (Robertson, Sacramento Business Journal, 3/12).
According to the survey, 83% of small business owners said the availability and rising cost of health care should be a high or top priority for elected officials in the state (Small Business California survey, 3/12).
Most Small Business Owners Unaware of Federal Aid
However, 77% of respondents said they were unaware of a small business tax credit included in the federal health reform law to help them pay for worker health benefits.
Scott Hauge, president and co-founder of Small Business California, said he wonders if business owners' accountants were aware of available federal aid for offering employee health benefits.
According to the Business Journal, the filing deadline for business owners seeking to qualify for the small business tax credit is this ThursdayÂ
In addition, 75% of respondents said they were unaware that the reform law will allow them to select and purchase healthÂ plans through a state health insurance exchange beginning in 2014.
The survey also found that:
- 44% of small business owners provide health benefits to workers, a slight increase from 43% last year; and
- Many small businesses have increased employee deductibles, copayments and contributions to deal with rising health insurance costs (Sacramento Business Journal, 3/12).