ObamaCare's Assault on Small Business

Carol Platt Liebau

2/25/2014 9:20:00 AM - Carol Platt Liebau

Remember when the President told small businesses that ObamaCare will "make your coverage more stable and more secure"? Just add it to the list of broken promises about the "benefits" of ObamaCare.

In fact, a new CMS report finds that "65% of small firms are expected to experience increases in their premium rates" -- that's right, almost two-thirds of small businesses will confront premium hikes as a result of ObamaCare.

The reason? Small businesses -- which often employ healthier, younger workers -- had been paying lower-than-normal rates. Since ObamaCare prohibits insurance companies from taking such facts into consideration, their rates are going to rise . . . for new purchasers, by as much as 20%.

In an era when the share of unemployed 25-32 year-olds -- with college educations -- is greater than any other generation of the 20th century at the same age, it is perverse and wrong-headed to make it more expensive for firms to offer these young people a gateway into employment and self-sufficiency. But intentionally or not, that is just what ObamaCare is effectively doing.