A picture of Representative George Holding
George H.
Republican NC 13

About Rep. George
  • Second Wave of Obamacare Cancelations’ Effect on Small Business

    by Representative George Holding

    Posted on 2014-01-14

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    HOLDING asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. HOLDING. Mr. Speaker, due to ObamaCare, potentially millions of small business employees will be affected by a surge of health care plan cancelations. The hundreds of thousands of individual cancelation notices we saw last year were just the beginning, and there will be more before the next open enrollment period.

    Mr. Speaker, small business owners are forced to buy more expensive comprehensive coverage, so they must find ways to offset the costs. They will have to cut employees' and workers' hours. And employees they can afford to keep will have restricted choices when selecting doctors and filling prescriptions; so they might not be able to keep the doctor they like, and if they can, it likely will be more expensive.

    Mr. Speaker, small businesses create jobs and grow our economy. Around 40 million people have health insurance through their small business employer, and for them, the next wave of ObamaCare cancelations could be catastrophic.

    [[Page H190]] ____________________

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