September 9, 2014
Small Business Pay Reduced By Nearly $1,000 Per Employee Due To ACA, New AAF Research Finds
A new study from the American Action Forum (@AAF) examines the impact of the Affordable Care Act’s (ACA) regulations on small businesses’ employee compensation and employment. The AAF study finds that the ACA is reducing employee compensation at small businesses by at least $22.6 billion annually, or an average of $935 for employees working a full year at a small business with 50-99 employees, and $827.50 for employees of small businesses with 20-49 employees. Other key findings from the AAF research include:
- ACA regulations and rising premiums have reduced employment by more than 350,000 jobs nationwide; and
- ACA regulations and rising premiums have reduced employment in five states by more than 20,000 jobs.
Read the research here