Paul Ward & his company MEDIA MECHANIC are featured in today’s WALL STREET JOURNAL: “Sick & Getting Sicker” - a Special Report cover feature on Small Business & Healthcare reform:http://online.wsj.com/arti..cle/SB10001424052970204005..504574233992478668488.html - pick up a copy at your local bookstore, coffee house or anywhere that sells the WSJ.
A sample from the Wall Street Journal featured cover article:
Tough Choices
Across the country in Oregon, business owner Paul Ward has discovered the many compromises it takes to set up health coverage for a small business. The founder of Web- and multimedia-design company Media Mechanic LLC, based in Tualatin, Ore., outside Portland, is in the process of trying to replace contract workers with three new full-time staffers. He wants local employees who know the market and can help establish the young business. But competition for high-tech workers is fierce, and the best workers demand benefits, Mr. Ward says.
The cheapest plan he found will cost about $400 per employee in premiums, assuming the employees are young and healthy. Covering employees’ spouses and children would run as much as $800 per employee per month—if the company covers 100% of employee premiums and 50% of the spouses’ premiums. That’s simply too much to handle, Mr. Ward says, so he plans not to offer family coverage, and he’ll likely cover only half or two-thirds of his employees’ premiums. That’s a tough pill for Mr. Ward to swallow; in Michigan, where he grew up, workers’ rights reigned supreme, and he believes employers should offer the fullest possible coverage for their staffs.
Even with those concessions, health insurance is likely to come in as the company’s No. 2 expense—second only to wages, and edging out rent and utilities. “It’s less money I can spend on marketing, and less money I can spend on investment in the company,” Mr. Ward says.
READ THE ENTIRE ARTICLE HERE: http://online.wsj.com/arti..cle/SB10001424052970204005..504574233992478668488.html
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