Re:Iowa insurance market collapse could ground young entrepr...
by gwbas1c on Friday June 23, 2017 @12:26PM
(#14620361)
When I read the article, I wonder how viable the business really is. The business started in 2015 and he's still below the poverty line: "He needs the subsidy, because he’s taking only about $17,000 in salary per year from the fledgling engineering company."
I attempted to run a company prior to ACA. Because I had a pre-existing condition, I had to buy COBRA. This forced me to get something running within 18 months. I also paid much more than "$100 per month" for my insurance.
18 months went by and I was nowhere. With the ACA, I might have lasted a few more months; but I'll never know if I would have gotten anywhere. Either way, after 18 months I did not have anything close to a viable business.
I think it's important that people are able to start businesses, and health insurance should not be an obstacle to that. There's a fine line, though, between fair access and an outright subsidy of a fledgling business. It's hard to see where that line is when reading this article.
I attempted to run a company prior to ACA. Because I had a pre-existing condition, I had to buy COBRA. This forced me to get something running within 18 months. I also paid much more than "$100 per month" for my insurance.
18 months went by and I was nowhere. With the ACA, I might have lasted a few more months; but I'll never know if I would have gotten anywhere. Either way, after 18 months I did not have anything close to a viable business.
I think it's important that people are able to start businesses, and health insurance should not be an obstacle to that. There's a fine line, though, between fair access and an outright subsidy of a fledgling business. It's hard to see where that line is when reading this article.