As the clock ticks toward Jan. 1 and the official kickoff of the Affordable Care Act, local business owners are closely watching and gauging actions in our nation's capital.
Many small and mid-sized businesses still have concerns about the impact the legislation will have on their overall
Small business owners, especially, are even more wary about the consequences it will have on their own pocketbooks in terms of personal health insurance costs.
Robbie Morris, executive director of the Randolph County Development Authority, shares these same concerns.
"The businesses that are under 50 employees are more worried from an individual standpoint," Morris said. "It's the businesses hovering right around or just above that 50-employee threshold that are the most worried. In some industries around here, just because you have 75 employees doesn't mean you are rolling in cash and can afford to provide health insurance for your employees. Those employers are very scared."
Although those businesses are likely going to have to make tough decisions in the near future, Morris remains confident in the area's growth potential and overall economic standing.
The fact remains, though, the implementation of the Affordable Care Act has been wrought with oversights and
From the launch of the national website to the lack of those signing up, Obamacare seems destined for more severe problems and possible collapse.
West Virginia Attorney General Patrick Morrisey urged immediate action Wednesday.
"The numbers announced today are deeply troubling and indicative of a law that does not work. The fact that so few people have enrolled for health insurance in West Virginia through the new exchange - and participation remains incredibly low in other states - paints a very disturbing picture of the future. If too few people enroll, the exchange will effectively be converted into a high-risk pool, causing premium rates to skyrocket in the next few years. Now is the time for people on both sides of the political spectrum to come together and delay this law. Our state and nation can ill afford to keep pursuing something that has proven on so many fronts to not work as the president promised."
We agree, and urge our state's congressional delegation to strongly weigh in on this issue. Our economy depends upon it, our livlihood depends upon it and, most of all, our future depends upon prompt action.