NSBA Report: Overwhelming Majority of Small Businesses Suffering Insurance Cost Increases Due To Obamacare

Statement

The National Small Business Association (NSBA) today released a new report providing further evidence that the health law is significantly harming small businesses through onerous requirements and increased costs. This comes days after a report by the nonpartisan Congressional Budget Office showing that the law is slowing the economy and costing jobs.

"Surprisingly, there are some that deny the health care law is hurting the economy or small businesses, despite the mounting evidence of the law's ill effects," said House Small Business Committee Chairman Graves (R-MO). "This NSBA report mirrors the overwhelming economic and business data showing that the law's requirements are rapidly increasing insurance costs and burdening small business operations. The most troubling finding may be that one third of small firms say they are purposefully not growing as a result of the law. With so many small businesses stuck in neutral, we shouldn't be surprised about the tepid growth of America's economy."

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