ENTREPRENEURS TO TRUMP: Don’t take away our Obamacare.
The President-elect’s promise to repeal Obamacare next year has left these small business owners fearful that they will have to dismantle everything they’ve worked for and return to the corporate sector just to remain insured.
The Obama administration is also playing up Obamacare’s role in entrepreneurship as it seeks to promote the health reform law’s importance to Americans.
“We’re hearing from consumers who value the protections that [the Affordable Care Act] brings, but also about the economic freedom that the coverage has given them,” said Andy Slavitt, acting administrator at the Centers for Medicare and Medicaid Services, which oversees Obamacare.
War is peace. Ignorance is strength. Freedom is mandates.
The U.S. business formation rate — i.e., entrepreneurship — has been on the decline for 40 years, and business startups by the 20-34 demographic fell off the cliff the year after ObamaCare was signed into law.