Posted: Jul 3, 2013 6:32 PM by Allison Bourne-Vanneck
Updated: Jul 3, 2013 7:13 PM
The delay in President Obama's healthcare plan will affect small businesses nationwide. The Administration says employers with 50 or more full-time employees will not be penalized if they don't provide minimum healthcare coverage that is affordable for employees by next year.
Companies here in Acadiana will be affected. Those like Begneaud has been in operation for 35 years, and is 58 employees strong. It's grappled with Obamacare.
"Our premiums have gone up, they've gone up substantial," the founder of Begneaud, Don Begneaud, said.
The reason for the delay in Obama's healthcare is that the steps businesses would have to take to prove they were providing healthcare to employees are too complex. The administration says it needs time to simplify that process. Now the deadline for businesses to provide affordable healthcare to employees is 2015.
Begneaud's Chief Operating Officer Aaron Broussard explains there's an upside to the delay.
"Obamacare has actually increased cost on a business, so the delay could delay the cost increase which would allow for more growth before it was enacted," Aaron Broussard said.
Those higher costs have small businesses concerned says the Greater Lafayette Chamber of Commerce.
"I think a lot of the small businesses and a lot of the people in general will be surprised at the amount that the Obamacare will cost them. Perhaps the delay will give them an opportunity to understand and plan for the increase in insurance premiums as well," President of the Greater Lafayette Chamber of Commerce Rob Guidry said.
"I think that there's some good in the bill or in the law but at the same time I think there was a lot of bad things that needed to be worked out," Begneaud said.