Health care decison affects small businesses

4:18 PM, Jun 28, 2012   |    comments
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By Art Holliday

St. Louis (KSDK) - Small business owners were anxious to learn what the Supreme Court would decide. Now, many want to know what is next.

Small business owners will face tough decisions about hiring and paying for employees to be insured.

Hours after Thursday's Supreme Court decision, there's a lot of uncertainty.

Robert Trevino and his wife, Barbara, opened their second restaurant in May.

"It's been great. And of course we have our restaurant in Kirkwood, so we have a nice following," said Barbara.

Like many business owners, the Trevinos were anxious to learn the Supreme Court's decision about healthcare and how their restaurants might be affected.

"I don't have more than 50 employees, full-time employees, but the other restaurants that have three or four locations and they have 200 employees, they could go out of business if they can't afford to insure 200 employees," said Robert.

As of 2014, the healthcare law says any business with more than 50 employees will have to provide insurance coverage or pay a penalty, and for some businesses, that can affect hiring decisions.

"It may certainly affect how many employees we need to hire in the future. It may come down to we do more of the work ourselves," said Barbara.

"I'm just hoping for the best. I just want to stay in business," said Robert.

One of the provisions of the healthcare law is the small business health care tax credit. It allows businesses with fewer than 25 full time employees who pay at least 50 percent of the employees' premiums to receive a tax credit. So some businesses will benefit.

KSDK

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