Small Biz Group Says Health Care Reform Could Save Them $855 Billion
Health care reform that requires employers to provide health care coverage for workers or pay into a fund—known as pay or play—could save small businesses as much as $855 billion during the next few years.
A new study by the Small Business Majority disproves claims by health care reform opponents that requiring businesses to provide coverage to their workers would destroy their bottom line.
The Economic Impact of Health Care reform on Small Business, written by Massachusetts Institute of Technology economics professor Jonathan Gruber, says that small businesses, more than any other sector of the economy, “suffer from our broken health care system.”
From spiraling premiums to inadequate access to health care for themselves and their employees, small business owners have seen their prospects for growth diminished and their profits slashed by today’s patchwork of inefficient health care options.
Survey: Will Small Business Owners Support Health Care Reform this Time?
As part of our series looking at health care reform proposals and initiatives from a range of groups and experts, today we take a look at the small business community.
In the early 1990s, when President Clinton launched his ambitious campaign for comprehensive health care reform, it was the National Federation of Independent Business (NFIB) that struck the sharpest knife into the reform initiative.
