Small businesses are not on board with the Patient Protection and Affordable Care Act, according to a Gallup survey released last week. The survey of more than 600 small businesses, commissioned by law firm Littler Mendelson, finds that 48% of small businesses say the ACA is bad for their business, while 9% say the legislation is good. Fifty-five percent, meanwhile, fear it will increase costs, while only 5% believe the ACA will lower costs.
The results weren’t surprising, says Steve Friedman, co-chair of the employee benefits group at Littler Mendelson.