By Miles Moore, Senior Washington Reporter
WASHINGTON (Nov. 1, 2013) — Health insurance costs continue to rise for small business owners in the wake of the Affordable Care Act (ACA), according to a new study from the National Federation of Independent Business (NFIB).
Health insurance premiums continue to rise, despite repeated assurances by the Obama administration that the ACA would lower premiums, the NFIB claims.
On average, the price of healthcare insurance premiums for small businesses rose 12 percent between 2012 and 2013, said William Dennis, NFIB Research Foundation senior fellow and author of the study.
Of 921 small business owners interviewed for the study, 64 percent reported paying more for employee insurance premiums this year than last, he said.
"There has been very weak activity in small business growth for a considerable period, and healthcare costs are a major reason for that," Mr. Dennis said in an Oct. 31 teleconference on the study.