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For entrepreneurs trying to start or run a business, the obstacles are huge. But few loom as large as one: health care.
For years, small businesses have griped about the burden of rising
health-care costs and warned that the situation was near a crisis
point. Well, it's fair to say that the crisis point is here. At some businesses, in fact, health care is the highest expense
after salaries - with devastating consequences. Owners must skimp on
vital investments like marketing and research. Some can't hire the
people they want because top candidates demand premium coverage. Or
they end up understaffed because of the high cost of insurance - and lose
potential clients as a result.
At the same time, to keep costs in check, countless companies are
slashing coverage or dropping it entirely. Some are turning to
freelancers or offshore workers instead of hiring full-timers and
locals. And some would-be entrepreneurs find insurance so onerous that
they're not even starting a business in the first place. Read the full (free) article at wsj.com:
http://online.wsj.com/article/SB10001424052970204005504574233992478668488.html
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