The Cost of Getting Sick

“I just hope my people or I don’t get sick,” said small business owner David White.

Recently, White had to stop offering health insurance to his employees, and also canceled his own. He's certainly not alone. When it comes down to it, health premiums are so high that many small business owners have to choose whether to cut employees or health benefits.

The long-term effects of our broken healthcare system could be drastic. What if an entire family loses their health plan? Furthermore, what if an employee gets sick, can’t afford treatment and has to miss weeks of work? An article from the Wall Street Journal analyzes this viscous cycle.

According to the report, “Nationwide, small firms will spend $156 billion on health premiums this year. In place of those high premiums, small business owners could employ 10 million additional workers—the entire state of Michigan—at minimum wage for a year.”