Hurts Small Businesses in Wisconsin
October 2, 2014
Devon M. Herrick
Senior Fellow at the National Center for Policy Analysis
Wisconsin is a prime example of how rising health care costs and penalties are already surprising individuals, families and businesses in many states as they face new requirements under the Affordable Care Act, according to a new study from the National Center for Policy Analysis and the John K. MacIver Institute for Public Policy.
The study notes:
- The average cost of a family employer plan in Wisconsin was $16,248 in 2012, more than in 42 other states.
- Firms that employ 50 or more workers and don’t provide health insurance will be subject to a tax penalty of $2,000 for each uninsured employee beyond the first 30.
- Two-thirds to four-fifths of employer plans will likely lose their grandfathered status under ACA regulations.
- Overall, by 2016, about 10,000 Wisconsin workers will lose (or leave) small group employer plans due to regulations in the Affordable Care Act.
Read the full PDF version of the study by clicking here.