Healthcare law's affect on SD Businesses - KSFY News - Sioux Falls, SD News, Weather, Sports

Healthcare law's affect on SD Businesses

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Many businesses across South Dakota may soon have to implement health care for their employees.

As of right now employers are not required to provide healthcare.

Health insurance plans are non-existent in many South Dakota industries.

But soon small businesses and the government will have to start working together to adopt new healthcare laws.

Julie Johnson is the executive director of Absolutely! Aberdeen.

"I do find myself more concerned about entrepreneurs in their start up phases or taking their businesses to the next level," Johnson said.

Another industry that has some concerned is the restaurant business.

Brian Mistro works at Mavericks Steak and Cocktails in Aberdeen.

Mistro says he is worried about the fines that could be imposed if people don't get coverage by 2014.

He says his insurance under his parents plan will soon run out, because he turns 26 in just a few months.

"When it comes into affect and when I turn 26, I'm gonna have to pay out of pocket, I'm assuming if I want to have health insurance," Mistro said.

Johnson says South Dakota is very sensitive to the needs of small employers and entrepreneurs and will design a plan to ensure everyone has health insurance.

She says those same efforts will be made right here in the hub city.

"We will give it a very watchful eye, to be sure it doesn't get out of balance," Johnson said.

For people like Mistro; who will soon be uninsured, he is just hoping he can get health insurance at an affordable cost.

By 2014, businesses with more than 50 full-time employees will be required to provide medical insurance for their employees or face serious fines.

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