My Profile   |   Contact Us   |   Sign In   |   Register
News & Press: WIPP Legislative Updates

Senate Committee Hears from Business Owners on Healthcare

Monday, July 20, 2015  
Share |

 

Senate Committee Hears from Business Owners on Healthcare


The Senate Health, Education, Labor and Pensions Committee heard from small business owners about the ongoing implementation of healthcare reform. The business owners worry they are not making the right decisions for themselves and their employees with regards to insurance.  Given the diversity of small businesses in the United States, the witnesses agreed the market must be more flexible. They also want the market to be more transparent, and easier to understand. Small business owners want to prevent their employees from having to make good economic decisions that are bad healthcare decisions.


Specific issues included age-related premiums, where business owners must provide each of their employees with a different premium rate based on their age. This is more work for the small business owner, and forces the owner to treat employees differently based on their age. Importantly, age-rating issues are not new and was a criteria in insurance rates prior to healthcare reform.


Other concerns included the use of healthcare savings accounts, or HSAs, and the uncertainty year-to-year about healthcare costs. These issues will continue as the small market is scheduled to expand to businesses with 51-100 employees in 2016.



more Calendar

10/23/2017 » 10/25/2017
NDC Academy- How We Invest: Homes, Jobs and Communities in 2017 and Beyond

10/25/2017
Give Me 5: Follow the Money

11/8/2017
Give Me 5 Chat: The Good and Bad of GSA schedules

11/20/2017
Give Me 5: Women Veteran Entrepreneurs (Part 1)

11/27/2017
Give Me 5: Women Veteran Entrepreneurs (Part 2)

Featured Members
Pamela MazzaWIPP National Partner

Privacy Policy / Disclaimer    |    © WIPP  |    888-488-WIPP

Association Management Software Powered by YourMembership  ::  Legal