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Financial Advisor Says Small Businesses Will Suffer Most with "Obama Care"


Bend financial advisor Troy Reinhart of Bend says the Supreme Court's decision to uphold “Obama Care” will have a big impact to small businesses.  For one, he says some small business owners have told him they'll have to lower wages to compensate for the health insurance mandate.  And for businesses who hire a lot of temporary workers; they may have to re-think their strategy. 

 

"Temporary employees are employees less than 90 days; a typical ski season is about 180 days.  So they might hire 2 separate batches of workers.  You take someone like Mount Bachelor; they can't afford to provide health insurance to all those workers.  Either the price of a lift ticket goes way up or they find a way to manage it, because there aren't the margins in the ski industry for them to make that happen.”   Reinhart says he was very shocked when he learned of the Supreme Court ruling.


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