While small business owners are key to building the local economy here in the mountains, not being able to afford health insurance is a huge challenge faced by many. The Affordable Care Act – some call it “Obamacare”- will offer tax credits for businesses with less than 25 employees to help with the cost of providing health coverage. WMMT talks with Jason Bailey of the Mountain Association for Community Economic Development (MACED) on how this could encourage new entrepreneurs to start businesses, and increase job mobility – all good for the economy in eastern Kentucky. Increasing the number of insured Kentuckians through Medicaid Expansion and a health insurance exchange will also open up new business opportunities and jobs in healthcare.
For more details check out Implementing Health Reform Will Promote Entrepreneurship in KY