"It's going to limit our ability to expand the business."
You've probably heard of Two Men and a Truck. Despite what it's light-hearted name suggests, Two Men and a Truck is a huge and growing company that provides moving services throughout the country. Each local organization is run as a franchise operation, which are really small businesses even though they operate under a very famous name.
Brooke Wilson is the co-owner, along with her husband, of a Two Men and a Truck franchise in North Carolina. The Wilsons already provide health insurance for their employees, paying half the cost of the premiums. And the business is posed to grow, but thanks to ObamaCare, the growth they thought they'd be experiencing may not come. Wilson explains to the Washington Free Beacon:
“We anticipate our costs to be increased about $250,000-$275,000 a year” with Obamacare, Brooke Wilson, co-owner of the moving company, revealed. The company will be insuring more employees at a higher premium. They will not receive any discounts for their young, healthy male employees because gender and health status do not factor into health pricing.
Asked by WRAL-NC how the company will make up for the astronomical cost of the healthcare they will be forced to offer, Wilson said: “Unfortunately, I think it’s going to limit our ability to expand the business, we may not be able to add as many trucks to our fleet, we may not be able to open another location.”
Citing the importance of the employee culture the company strives to maintain, Wilson vowed that the company will not cut hours, wages, or employees.
It's very admirable that they are not cutting hours, wages or employees. But the problem here is that ObamaCare forces the Wilsons to choose between protecting those things and growing. They can't do both. A cost increase of more than $250,000 a year for a small business is huge. And while the Wilsons and their Two Men and a Truck franchise will choose to suck up the costs, many other businesses will not - concluding that the only viable option is to cancel employee policies and throw them onto the ObamaCare exchange.
This is what ObamaCare is doing to business and job growth in this country. It's killing it. It's forcing small business owners to choose between taking care of their employees and growing. Even a successful company like this one can't do both.