A post on the Forbes magazine blog explains why “Obamacare” is working. The post explains that in the first quarter of 2011, people under the age of 26 took out health insurance in record numbers. This means a broader, healthier pool will share the burden of the old and ill:
Because the under 26 crowd tends not to get sick, adding them to the insurance pools helps bring the very balance that was intended by the new law. The more healthy people available to pay for those in the pool who are ill (translation- the older people), the better the system works and the lower our premium charges should go.
This translates into good news for small businesses:
Meanwhile, things continue to improve on the small business front where business owners are being heavily incentivized to offer health care benefits to employees.
As I wrote in January, there has been a significant uptick in small businesses taking advantage of the tax benefits offered by the ACA to provide health insurance to employees where they previously did not do so.
The full post can be read here.