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Obamacare Could Help Fuel a Tech Start-Up Boom
dcblogs writes "The arrival of Obamacare may make it easier for some employees to quit their full-time jobs to launch tech start-ups, work as a freelance consultant, or pursue some other solo career path. Most tech start-up founders are older and need health insurance. 'The average age of people who create a tech start-up is 39, and not 20-something,' said Bruce Bachenheimer, who heads Pace University's Entrepreneurship Lab. Entrepreneurs are willing to take on risks, but health care is not a manageable risk, he said. 'There is a big difference between mortgaging your house on something you can control, and risking going bankrupt by an illness because of something you can't control,' said Bachenheimer. Donna Harris, the co-founder of the 1776 incubation platform in Washington, believes the healthcare law will encourage more start-ups. 'You have to know that there are millions of Americans who might be fantastic and highly successful entrepreneurs who are not pursuing that path because of how healthcare is structured,' said Harris"
It's hard to know where best to direct criticism of this arrant, political nonsense. Obamacare, at least for the specious reasons given above, will have zero net effect on people in their late 30s deciding whether or no to begin a startup. MANY startups operate with no health insurance right now, regardless of the age of the participants. I've personally been a part of or otherwise associated with multiple startups with principals in their 50s or older, with existing health conditions, who have intentionally pulled out of employer provided health insurance to begin their startup, or who moved to private (Expensive) healthcare coverage and ultimately had to drop out of it as their startups cratered and they ran out of money. Like any other form of tax, Obamacare's net results will be negative in employment, and anyone who tells you otherwise is selling something - likely, statism.
So, basically you're admitting that by design, this law priced his current coverage out of his reach, and forced him to buy insurance through a government controlled market. Fuck you.
If I run a hose into your bedroom at night while you are sleeping, and you choose to breathe the carbon monoxide I'm pumping through it, that of course is your choice. Not my fault at all.