Tuesday, September 22, 2009

Healthcare and Small Business

Leo and Mike Schweiss are small businessmen in Minnesota. Leo's business is small and employs only himself.

"His brother Mike, however, has gone "big time," by small town standards. He has 50 employees working at his Schweiss Bi-Fold Doors company at nearby Hector, making him one of the largest employers in his southern Minnesota area. The factory is out on the Schweiss family farm "home place," which has a Fairfax telephone number but a Hector mail address.

So how does he provide health insurance coverage for his skilled work force?

"I can't," he said. His company's insurance costs were rising from $30,000 to $60,000 a year. "So what I do is I make a contribution to the employees' health insurance costs, and they have to find their own.

"That's not a health care system. That's no system at all. It's crazy."

Studies show this discourages would-be entrepreneurs from starting new businesses, holding back Minnesota's and the nation's economy.'

Read the entire interview at "Minnesota 2020".

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