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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"
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It’s just common sense.
You have a killer idea that you think you can make money on, but healthcare is holding you back. Seems to me that none of the other booms, industrial or tech bubble, had anything help from "Obamacare" but were still prosperous.
One of the constants about startups is their youthful employee base -- young people have less economic baggage and less experience, and so can be had cheaper. Obamacare makes it much more expensive to hire such individuals by forcing companies to provide increasingly expensive health care, if even one employee ends up in the individual plan! Obamacare is not liable to make entrepreneurial activity more likely, but less.
Dog is my co-pilot.
But... but... entitlement. You don't deserve healthcare unless you can pay for it! Sell some stocks, buy more money, and stop whining!
"When life gives you lemons, don't make lemonade. Make life take the lemons back!" -- Cave Johnson
Jesus Christ! Do you think through any of this euphoria diarrhea?
'Having health insurance' != 'getting care'
One may lead to the other, or even make it easier, but they are not the same thing, and if you don't understand the difference... then god help you.
Which is a flaw of the system... not all people are of the same risk. If one chooses to put themselves into a higher risk category (smoking, weight, etc)... should they not pay more? That is a basic tenant of insurance!
Again, so many falsehoods. YOU HAVE MADE THE CHOICE TO GO WITHOUT INSURANCE. Do not speak to me about not being able to afford anything when you made the conscious choice because you didn't like the price.
Worse... is even if you have 'coverage', and you get 'treatment'... that doesn't mean that you will be able to pay for the part of the treatment not covered by insurance.
Help Brendan pay off his student loans
yes, however, we are giving up our money for stupid shit like the NSA, and obamacare is doomed to fail. just about every major company will opt out of the program because it is cheaper to pay the fine than it will be to pay for the healthcare.
this is totally bullshit. obamacare is just a total waste of money and is doomed to fail. every major company is going to opt out of the program by paying the fine because it is just simply cheaper than paying for the insurance
I started a business when my daughter was 4 years old. The only reason I was able to do it was because that was when my wife went back to work and got insurance for us through her job.
And if your wife wasn't able to get a job with insurance, you all would have fallen over dead? Or are you costing the insurance company 5 times the amount of money you pay in premiums each month?
If you think I voted for Trump because of this post, you're wrong. I voted for Dr. Jill Stein of the Green Party. Again.