A Small Business Response to Obamacare

jareksteele

Left Bank Books pays 100% of our full-time employees’ health insurance premium.

I’d like you to let that sink in for a moment, because this fact is one of the reasons I decided to become an owner of this St. Louis institution.  

I’ll also let you in on another secret – by the end of this year, my bookstore will have paid $270,550 over the past five years for health insurance.  Our group is (obviously) small; an average of 12 people are enrolled.  Each bookseller’s premium averages out to about $415 per month.  We each have a $5000 deductible.

To put that into perspective, the average paperback retails at about $15.  We pay about $8.25 to the publisher, leaving us $6.75 to pay all other expenses (rent, payroll, electricity and, yes, health insurance).  That means that we have had to sell 40,082 paperbacks at full cost…

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One thought on “A Small Business Response to Obamacare

  1. I love you for taking the time to write and post this. I wish you were closer. I “run” to buy books all the time so mostly shop close, at Barnes and Noble West County Mall. I love you more, but I am an impulsive, impatient modern American. Ugh! You do get some of my dollars, but I wish you got them all. xo

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