Small Business isn’t Celebrating Health-care Reform
In March, Congress enacted the Patient Protection and Affordable Care Act (PPACA), a 2,000-plus-page law designed to dramatically change how health insurance is provided in this country. The law might have been more aptly named the Small Business Health Insurance Act because its effects—both good and bad—will fall most heavily on small companies.
That’s because we have an employment-based health-care system and small businesses are less likely than large ones to provide employee health insurance. In 2010, the Kaiser Family Foundation, which keeps tabs on health insurance coverage, reported that 99 percent of businesses with 200-plus employees provided workers with health insurance, as compared with only 68 percent of businesses with 3 to 199 employees. Given these numbers, it’s fair to focus on small businesses when looking at the impact of the new law.
Read the complete story at Business Week
Posted on January 7, 2011, in Newspaper & Journal Articles, Politics & The Economy, Small Business and tagged business and healthcare, Business week, health care reform, healthcare, small business, small business and healthcare coverage. Bookmark the permalink. Leave a comment.