Small Businesses Will Pay the Price if Health Insurers Exit ACA Marketplaces
With a looming Wednesday deadline for insurance companies to decide whether or not they will remain in the Affordable Care Act health insurance marketplaces that serve 39 states, Small Business Majority Founder & CEO John Arensmeyer is available to speak to media about the negative impact an unstable healthcare market will have on small firms. Small business owners nationwide are also available to share their personal ACA success stories.
“When the uncertain future of the Affordable Care Act (ACA) causes health insurance companies to pull out of ACA marketplaces, it offers more evidence of the damage political maneuvering in Washington, D.C. does to our healthcare system,” said John Arensmeyer, Founder & CEO of Small Business Majority. “If marketplaces are unstable, it is not because of an organic ACA ‘death spiral.’ Rather, it is because insurance companies are facing too many risks between the prospect of ACA repeal and the White House’s refusal to commit to paying insurance reimbursements. All of this is terrible for small businesses, especially self-employed entrepreneurs, that rely on the ACA and the affordable, quality insurance options it has provided. If the ACA falls apart thanks to political meddling, it will cause millions of Americans to lose their insurance and could result in an unknown number of small businesses closing or shifting health costs to their employees. For the sake of America's job creators and our economy as a whole, the ACA must be strengthened immediately. If we stay this current uncertain course, matters will only worsen.”
SOURCES AVAILABLE: Small Business Majority Founder & CEO John Arensmeyer and small business owners are available for comment.
About Small Business Majority
Small Business Majority was founded and is run by small business owners to ensure America’s entrepreneurs are a key part of an inclusive, equitable and diverse economy. We actively engage our network of more than 55,000 small business owners in support of public policy solutions and deliver information and resources to entrepreneurs that promote small business growth. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about key issues impacting small businesses and freelancers. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.