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Minority Businesses Support Health Care Reform Legislation, According to Survey
Date:4/2/2010

According to a survey conducted by the Greater New England Minority Supplier Development Council (GNEMSDC), 72 percent of certified minority businesses stated that they were supportive of the recently passed health care reform legislation. Small businesses in general are less likely to provide health insurance for themselves and their employees. The survey also found that 61 percent of certified MBEs provide health insurance for their employees and that 50 percent of these businesses paid premiums of at least $5,000 per employee. Sixty six percent (66%) of respondents reported that the high cost of health insurance has impacted their ability to attract high quality talent and the same percentage reported that the high cost of health insurance negatively impacted their competitiveness.

(PRWEB) April 2, 2010 -- In a survey conducted of certified minority business enterprises (MBEs) last week by the Greater New England Minority Supplier Development Council (GNEMSDC) it was found that 72 percent of them were “generally in favor” of the legislation. Small businesses in general are less likely to provide health insurance for themselves and their employees. The survey also found that 61 percent of certified MBEs provide health insurance for their employees and that 50 percent of these businesses paid premiums of at least $5,000 per employee. Sixty six percent (66%) of respondents reported that the high cost of health insurance has impacted their ability to attract high quality talent and the same percentage reported that the high cost of health insurance negatively impacted their competitiveness.

Almost 90 percent of Certified MBEs who did not offer their employees health insurance relied on their spouses or significant others for health insurance coverage. This dependence on spousal insurance has led to what economists call "job lock". Job lock is generally bad for
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