Cancer Survivor Shows Obamacare Unleashing Startups: Economy! [View all]

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Maksim Tsvetovat and Tatyana Kanzaveli say they doubt they could have started their data-collection company, Open Cancer Network, without Obamacare.

Tsvetovat, 37 and the father of a four-year-old boy, said he was hesitant to quit his job as chief technology officer at a consulting firm and lose his health coverage. Even more crucially, Kanzaveli, 50, was diagnosed with colon cancer in January, less than two months after her contract job with an investment company ended. Her condition left her unable to purchase new medical insurance.

It’s a scary thing when I have to think, can I afford to do things that will keep me alive?” said Kanzaveli, who underwent a $160,000 surgery and now has regular screenings. “We have high expectations for Obamacare.”

The partners’ experience highlights a risk entrepreneurs have long faced: if they quit a job to start a business, they lose employer-provided health coverage. That could mean paying more for an individual policy or being denied insurance because of a pre-existing condition. The Affordable Care Act, popularly called Obamacare, seeks to change that by offering subsidies to purchase insurance on exchanges and banning discrimination based on medical history.

The big point with entrepreneurs is that now you can leave your job without worrying what your health insurance is going to be, because you have an option and you know you can enroll,” said Christine Eibner, an economist whose focuses include health and insurance at Santa Monica, California-based nonprofit research group RAND Corp. “You did not have that before the Affordable Care Act.”

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http://origin-www.bloomberg.com/news/2013-09-09/cancer-survivor-shows-obamacare-may-free-entrepreneurs-economy.html

Another great facet of Obamacare~

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