Some experts and supporters of Obamacare have long believed that it could lead to a “mass wave of startup businesses.” Partly based on the ability to obtain affordable healthcare without a W-2, new public health exchanges and an insurer’s inability to deny everyday people coverage, it may be possible that we will soon see a new wave in American workers leaving behind their 9 to 5 work life for entrepreneurship. It has been predicted that 1.5 Americans will become self-employed, partly due to the Affordable Care Act. This is an increase of more than 11 percent from current statistics. It was also suggested that “pre-reform job’lock and the inability to get affordable coverage on the individual market prevented many Americans from quitting their job to start a business. Obamacare will give them the freedom to pursue their entrepreneurial dreams.” As a result, further predictions prove to have favorable outcomes for new start-ups due to Obamacare, but there are others who aren’t as optimistic. Scott Shane, an entrepreneurial studies professor at Case Western University, says he is “skeptical of such predictions”. His thoughts hinge upon the notion that many people, including those who are already self-employed, will see their health insurance premiums rise under Obamacare, which will in turn deter some from pursuing self-employment and also send those who are currently self-employed back to the workforce to obtain more affordable healthcare coverage. Story provided by: www.hellobeautiful.com
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