"Obamacare Will Revolutionize the Startup Game"

[applegrove]

Obamacare Will Revolutionize the Startup Game

http://inthecapital.streetwise.co/2013/10/06/obamacare-will-revolutionize-the-startup-game/

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"Group insurance offers guaranteed issuance – every single employee will get approved no matter if they have cancer or any pre-existing condition of any type," Mihm said of the way health care traditionally worked. "On January 1, 2014, every single person who signs up for insurance is guaranteed issuance. So even if you have a pre-existing condition, you’re going to get approved at the same rate as me. That changes everything. And it brings the question that every founder needs to ask themselves: Do I want to offer health insurance to my employees as a group plan? Before, there were some strategic reasons why you’d want to do it."

Now that everyone has guaranteed access to health care, it will no longer be used by businesses as leverage to recruit talent. Startups will be able to bring in innovative thinkers who before feared working for a small business without health benefits because now they can access insurance themselves. Additionally, for small companies with fewer than 50 employees, they will not be required to provide insurance allowing them to pay their employees what they're worth.

"Now, if you’re a CFO and you want to leave your company, you can walk, buy an Obamacare plan with guaranteed issuance and you could come onboard a small startup," Mihm said. "I believe there will be a pent up group of individuals who have been dying to start companies but have been afraid to leave their existing company. It’s going to level the playing field. Small companies will be able to attract talent without having to offer health insurance."

On top of that, if startup teams struggle to make money while they grow their businesses, Obamacare will offer subsidies to make plans cheaper.



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[BlueStreak]

1. Very significant insight here.

[Politicalboi]

2. But what about the

Death Panels?

[Cha]

3. thanks applegrove

[sheshe2]

4. K&R nt