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May 13, 2013 at 11:48 AM
Owners of about 41 percent of U.S. small businesses say they are putting off hiring new employees because of worries about the Patient Protection and Affordable Care Act of 2010 (PPACA).
Dennis Jacobs, an economist at Gallup, has included that figure in a summary of results based on a company survey of 603 small business owners.
Gallup defines a “small business” as a business with less than $20 million in annual sales or annual revenue, or fewer than about 200 full-time employees.
For purposes of applying PPACA, regulators are setting the size cut-off at 50 full-time employees in some states and 100 full-time employees in others.
PPACA calls for employers with more than 50 full-time, year-round workers or the equivalent to provide a minimum amount of health coverage or pay a penalty.
Smaller employers will not have to pay the “no coverage” penalty, and, if they do not offer health benefits, their employees are supposed be eligible to buy coverage on a guaranteed-issue basis through the new PPACA exchanges, or health insurance supermarkets.
