Only a little over half of small businesses understand and are prepared for the changes required by the Affordable Care Act, according to a new survey.
The survey, by payroll service provider Paychex, found that only 54 percent of small businesses with 100 or fewer employees understand what is expected of them under the Affordable Care Act. Another 30 percent only have a partial understanding of the 2010 law, and 16 percent do not understand at all what is expected of their business in order to comply with the requirements of the ACA.
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