Effects Of The Affordable Care Act - KALB-TV News Channel 5 & CBS 2

Effects Of The Affordable Care Act

Posted: Updated:

ALEXANDRIA, La. (KALB News Channel 5) Change is on the horizon for small business owners in Central Louisiana.

"The main person in a small business who has to consider all this and think about all this isn't a human resource department. It is usually the owner, it is usually the person that has to change the taxes or do the pay role that has to operate the business," said Wesley Watkins.

The Affordable Care Act is set to begin in 2014.

To fully understand the nearly 2,000 page health care insurance law, local businesses are seeking guidance from professionals for help.

"If I was on my own, I would be very nervous, because I don't understand it. But because I have an expert and I turn to someone, I am comfortable. He is going to guide us in the right direction, ten years down the road he is going to guide us in a different direction, or maybe keep us on the same path. If it were in my own hands thought, I think it would be chaos," said Helena Brocato.

"We depend a lot on our private broker for insurance to guide us through these changes. Because there is so many laws and rules that we just don't understand," said Sherry Everett.

Some business owners say the act may eliminate their opportunity to grow.

"So I don't expect it to impact me like it would a major company that has 50 employees or more employees. I just, it eliminates me from being able to expand if I ever wanted too," said Elaine King.  

Local business owners say they are taking time out now to prepare for the future.

"You need to really have a relationship with your broker and your agent who handles group insurance. Do not wait until the 11th hour. You need to do that now because 2014 is a few months away," said Wesley Watkins.

The Affordable Care Act was signed by President Obama in the Spring of 2010.

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.