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Association Health Plan final rule could cost consumers millions of dollars

Keystone Business Daily
Topics:
Healthcare

John Arensmeyer, founder and CEO of Small Business Majority, said that if the current U.S. Department of Labor proposal for association health plans becomes a rule, it would be easier for a few select small businesses with younger and healthier employees to purchase health plans that might be cheaper in other states.

"The tradeoff, however, is the small-group insurance market would split in two—one pool for businesses that want bare-bones plans and one for firms that need more comprehensive coverage," Arensmeyer told Keystone Business News. "This would eventually lead...

ACA destabilization will cost small businesses

Southern Maryland News
Topics:
Healthcare

Letter: Trump’s efforts to undermine ACA will cost small companies

San Jose Mercury News
Topics:
Healthcare

Re: “Trump administration won’t defend the ACA” (Mercurynews.com, June 7):

The Trump administration’s efforts to destabilize the Affordable Care Act will result in many of California’s small businesses paying more for health insurance next year.

The Congressional Budget Office said premiums for health care plans purchased through the ACA exchanges will rise by an average of 10 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by proposing rules to expand association health plans and junk insurance plans, and by repealing the...

Broad health-care coalition opposes administration stance in anti-ACA lawsuit

The Washington Post
Topics:
Healthcare

Also weighing in were three hospital trade groups, the Association of American Medical Colleges, and five major groups advocating for patients with diseases, including the American Cancer Society, the American Heart Association and the American Lung Association. The liberal consumer-health lobby Families USA, the Small Business Majority, a group of law professors and a separate group of health-care and economic researchers also filed briefs.

Trump administration should heed small business' concerns about association health plans

Harrisburg Patriot-News
Topics:
Healthcare

Medicaid expansion might save Virginians’ lives

Richmond Times-Dispatch
Topics:
Healthcare

Editor, Times-Dispatch:

As a small-business owner, I’m grateful Virginia’s General Assembly voted to expand Medicaid.

This development is personal to me because one of my best employees might still be alive today if he could have enrolled in Medicaid.

I started Better Display Cases in Stafford after spending 20 years in the Army. Unfortunately, I’m unable to offer health insurance benefits to my employees because of high costs.

One of my employees had high blood pressure, but he couldn’t afford health insurance, and he made too much money to qualify for Medicaid...

Reckless attacks

Chicago Sun-Times
Topics:
Healthcare

Re: “U.S. clings to health coverage gains despite political drama [May 22], the Trump administration’s efforts to destabilize the Affordable Care Act will result in many of Illinois’ small businesses paying more for health insurance next year. The Congressional Budget Office said premiums for health care plans purchased through the ACA exchanges will rise by an average of 10 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by proposing rules to expand association health plans and junk insurance plans, and by repealing the individual mandate....

Even finance whizzes say it's impossible to compare online small business loan options

McClatchy DC
Topics:
Access to Capital

Catarah Coleman and Shoneji Robison picked a seemingly auspicious time to expand: They found a large corner space in a popular mall in Los Angeles in 2012 — and the next year, saw a rush of new customers when they won the Food Network’s Cupcake Wars.

But they maxed out their credit cards and cashed in their retirement accounts to pay for the construction, and still struggled with payroll each month.

When banks turned down their loan applications, a friend from church suggested they go the online route.

The pair wound up taking out loans and advances one on top of the...

Ending Net Neutrality Could Mean the End for Some Small Businesses

Morning Consult
Topics:
Infrastructure

Listen to needs

Star News Online
Topics:
Healthcare

California lawmakers are currently considering several proposals to help make health coverage more affordable for Californians. As a small business owner who has benefitted from Covered California for Small Business (CCSB), I know firsthand how important it is to make health coverage more affordable and accessible for our state’s job creators.

Because my husband and I both receive insurance through our veteran status, offering healthcare was not a priority when we converted our farm to a working business. However, farm hands are hard to come by, and we had to find a way to become...

Health Insurers Await 400K Virginians About To Gain Medicaid Coverage

Forbes
Topics:
Healthcare

“Medicaid expansion will stimulate Virginia’s economy by bringing in more than $2 billion per year of federal money, resulting in an estimated 18,000 new jobs for the state,” Erik Rettig, Mid-Atlantic Director for Small Business Majority said in a statement issued Wednesday evening.

Losing net neutrality is a loss for small businesses

USA Today
Topics:
Infrastructure

That’s why, about a quarter of small businesses say that net neutrality is very important to their business and just about half say it is important, in a new survey conducted by the group Small Business Majority.

"Net neutrality is critical to America's small businesses,” said John Arensmeyer, CEO of Small Business Majority.

House Lawmakers Examine Tax Reform’s Impact on Small Businesses

Wolters Kluwer CCH Group News
Topics:
Tax and Budget Reform

However, John Arensmeyer, CEO of the advocacy group Small Business Majority, disputed the positive impact of the new tax law. “We believe the law will hurt small businesses and the economy because (1) it will increase the deficit by $1.5 trillion without giving most small business owners a significant tax break, (2) it adds more complexity and confusion, and (3) fails to address corporate tax loopholes that give large businesses an unfair advantage,” he said. “The new law’s tax breaks are skewed towards large corporations and a handful of wealthy pass-through entities, not Main Street...

Small Firms Extol Tax Law Despite Conflicting View in Surveys

Tax Notes
Topics:
Tax and Budget Reform

Four business owners and House Republican taxwriters touted the benefits of the new tax law during a May 23 subcommittee hearing, but not everyone is so upbeat.

Surveys show many small business owners are concerned about the law or unaware of its benefits, and some groups say feedback has been negative from members expecting a simplification of the tax code.
“We had a once-in-a-generation chance to make our tax code work better for small businesses, and we blew it,” John Arensmeyer, the founder and CEO of Small Business Majority, told the House Ways and Means Tax Policy...

Lawmakers hear from small businesses about tax reform impact

Accounting Today
Topics:
Tax and Budget Reform

However, John Arensmeyer, CEO of the advocacy group Small Business Majority, disputed the positive impact of the new tax law. “We believe the law will hurt small businesses and the economy because (1) it will increase the deficit by $1.5 trillion without giving most small business owners a significant tax break, (2) it adds more complexity and confusion, and (3) fails to address corporate tax loopholes that give large businesses an unfair advantage,” he said. “The new law’s tax breaks are skewed towards large corporations and a handful of wealthy pass-through entities, not Main Street...

Colorado lawmakers let small businesses down by failing to pass paid leave, retirement measures

Colorado Springs Business Journal
Topics:
Family Medical Leave Insurance, Retirement Security

Colorado lawmakers had an opportunity during the 2018 legislative session to really help level the playing field for the state’s small businesses by passing bills that would have established a paid family and medical leave insurance program as well as a publicly administered retirement savings program for private-sector workers. Yet for the second year in a row both bills passed the House of Representatives before dying in the Senate, leaving small businesses to wonder if they will ever get the help they need to attract and retain talented employees.

Without federal leadership, states must safeguard ACA markets

The Hill
Topics:
Healthcare

Although the Trump administration and its allies failed to fully repeal the Affordable Care Act (ACA) last year, they took a number of smaller steps that added up to a big problem: The ACA is now weaker.

Unfortunately, the administration is still seeking to undermine the health-care law, moving forward with proposals that would expand association health plans (AHPs) and short-term insurance plans, both of which have the potential to limit the ability of state insurance commissioners to regulate health plans and cause premiums to rise.

Senate Vote to Restore Net Neutrality Seen as Win for Small Businesses

Newsmax
Topics:
Infrastructure

The U.S. Senate acted in the best interests of small businesses when it voted Wednesday to restore net neutrality rules, said John Arensmeyer, chief executive of the Small Business Majority.

"Without protections in place to keep the internet fair and open, small businesses will be put at a disadvantage when trying to compete with larger corporations that have the resources to ensure their websites receive special prioritization from their internet service providers," Arensmeyer said of Wednesday's vote.

Illinois Launches Automatic IRA Pilot Program for Private Sector

Bloomberg Law
Topics:
Retirement Security

· Illinois’ state-run retirement program for private sector second in the U.S. to go live

· Employer group weighing challenge to program under federal employee benefits law

· After completion of pilot, next phase slated for November

Illinois is launching on May 15 the first phase of a program designed to get more than a million private sector workers in the state saving for retirement.

As Illinois rolls out its secure choice retirement savings program, it follows in the footsteps of Oregon, the first state with a program requiring employers to either offer...

Ballet Instructor Teaches Underserved Communities in Chicago

NBC 5 Chicago News at 11 AM [WMAQ-TV]
Topics:
Access to Capital

A world famous ballet instructor wants to make ballet accessible to all, including underserved communities in Chicago. Madame Boitsov worked with Greater Southwest Develop. Corp. to develop a business plan and become loan ready, and was then directed to SimpleGrowth where she received a loan through Accion.

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