Tennessee: Local Businesses Stop Growing Due to ObamaCare Regulations

ARNOLD If you don ░░░░░░░░ know Kevin Whited you ░░░░░░░░ his work WHITED I ░░░░░░░░ done 90 percent of ░░░░░░░░ neon on lower Broad ░░░░░░░░ Whited started at Joslin ░░░░░░░░ and Maintenance 27 years ░░░░░░░░ WHITED It s something ░░░░░░░░ every day ARNOLD And ░░░░░░░░ health insurance WHITED It ░░░░░░░░ one of the main ░░░░░░░░ ARNOLD Kept him here ░░░░░░░░ It s tremendous Having ░░░░░░░░ you never know when ░░░░░░░░ need it You have ░░░░░░░░ have it ARNOLD Whited ░░░░░░░░ always taken that coverage ░░░░░░░░ granted but maybe he ░░░░░░░░ t anymore BALLMAN I ░░░░░░░░ for all of us ░░░░░░░░ re all employees ARNOLD ░░░░░░░░ the first time ever ░░░░░░░░ boss worries health insurance ░░░░░░░░ not be affordable much ░░░░░░░░ BALLMAN We re going ░░░░░░░░ have to deal with ░░░░░░░░ come August maybe July ░░░░░░░░ Terrie Ballman is talking ░░░░░░░░ a major rate hike ░░░░░░░░ s coming to employers ░░░░░░░░ offer health care The ░░░░░░░░ Federation of Independent Businesses ░░░░░░░░ premiums could be 70 ░░░░░░░░ 100 percent higher all ░░░░░░░░ of the various taxes ░░░░░░░░ come with ObamaCare BALLMAN ░░░░░░░░ part is going to ░░░░░░░░ increase And it s ░░░░░░░░ coverage that s not ░░░░░░░░ as good as they ░░░░░░░░ now ARNOLD And the ░░░░░░░░ care law is even ░░░░░░░░ how many people work ░░░░░░░░ There are 49 now ░░░░░░░░ the law doesn t ░░░░░░░░ the company to provide ░░░░░░░░ unless there are 50 ░░░░░░░░ as you d imagine ░░░░░░░░ are no immediate plans ░░░░░░░░ hire new people Miles ░░░░░░░░ at Richards and Richards ░░░░░░░░ looming insurance hike is ░░░░░░░░ another concern RICHARDS In ░░░░░░░░ months we have a ░░░░░░░░ decision ARNOLD Steve Richards ░░░░░░░░ 100 percent of the ░░░░░░░░ care costs for the ░░░░░░░░ at his document storage ░░░░░░░░ RICHARDS If you take ░░░░░░░░ good care of your ░░░░░░░░ good customer service will ░░░░░░░░ ARNOLD He worries if ░░░░░░░░ rise too high the ░░░░░░░░ will either have to ░░░░░░░░ off costs to employees ░░░░░░░░ let some of them ░░░░░░░░ RICHARDS Drop down to ░░░░░░░░ level where you can ░░░░░░░░ it which means that ░░░░░░░░ service will suffer it ░░░░░░░░ that there will not ░░░░░░░░ as many employees here ░░░░░░░░ I have right now ░░░░░░░░ We asked one of ░░░░░░░░ two Tennessee congressmen who ░░░░░░░░ for the health care ░░░░░░░░ if it s worth ░░░░░░░░ potential job loss COOPER ░░░░░░░░ issue is yet to ░░░░░░░░ determined if the health ░░░░░░░░ law will cost jobs ░░░░░░░░ Congressman Jim Cooper says ░░░░░░░░ are ignoring an important ░░░░░░░░ about rising premiums COOPER ░░░░░░░░ employees are seeing their ░░░░░░░░ care costs go down ░░░░░░░░ have gone up but ░░░░░░░░ that s because it ░░░░░░░░ a better insurance policy ░░░░░░░░ they ll be getting ░░░░░░░░ Cooper says the other ░░░░░░░░ detail is about the ░░░░░░░░ themselves Kevin Whited has ░░░░░░░░ had insurance but many ░░░░░░░░ potential workers haven t ░░░░░░░░ And if you re ░░░░░░░░ healthy you re not ░░░░░░░░ to be going to ░░░░░░░░ And there are several ░░░░░░░░ thousand Tennesseans who haven ░░░░░░░░ had adequate access to ░░░░░░░░ care So properly done ░░░░░░░░ reform could make job ░░░░░░░░ easier not harder ARNOLD ░░░░░░░░ you won t find ░░░░░░░░ Joslin Sign and Maintenance ░░░░░░░░ And there s no ░░░░░░░░ to grow the company ░░░░░░░░ now because of ObamaCare ░░░░░░░░ Managers here have no ░░░░░░░░ to hire another neon ░░░░░░░░ designer and they may ░░░░░░░░ be providing this one ░░░░░░░░ health care much longer ░░░░░░░░ Because I have to ░░░░░░░░ health care for my ░░░░░░░░ and if I wasn ░░░░░░░░ working here I wouldn ░░░░░░░░ have it right now ░░░░░░░░ Now one state insurance ░░░░░░░░ tells me that businesses ░░░░░░░░ less than 50 employees ░░░░░░░░ doing just that They ░░░░░░░░ dropping out of the ░░░░░░░░ marketplace all together Those ░░░░░░░░ are going to the ░░░░░░░░ exchange section of ObamaCare ░░░░░░░░ I m told many ░░░░░░░░ finding coverage cheaper there ░░░░░░░░ through their employers But ░░░░░░░░ s a big change ░░░░░░░░ Tennesseans are going to ░░░░░░░░ going through this year.”