Affordable Care Act
Since the enactment of federal health care reform, hundreds of thousands of small business owners across the country have been able to claim a tax credit for offering their employees health benefits — and millions more are eligible, according to a report released today by advocacy group Small Business Majority and consumer group Families USA. For tax year 2011, seven in 10 small businesses with 25 or fewer employees are eligible for the credit.
If you’re a hardworking small business owner who provides health benefits to your employees, there’s a chance your insurance carrier owes you money. And if it does, you can start looking for a check in the mail. Thanks to the Affordable Care Act, insurance companies are being held accountable to their customers in a brand new way — which means they’re expected to owe businesses and individuals a whopping $1.3 billion this year, according to a new report from the Kaiser Family Foundation.
Original statement issued on March 23, 2012:
Today, Small Business Majority released an easy-to-use online resource called the “Actual Factual brochure,” which small business owners can use to learn how the 2-year-old healthcare reform law impacts their businesses.
Small businesses in eight states received good news today with the announcement that organizations in their state will be receiving funds to help create new consumer-run health insurance plans that will lower their costs and increase their insurance choices.
I joined Administrator Karen Mills, head of the U.S. Small Business Administration, and a Michigan small business owner on a tele-press conference today to discuss the expansion and simplification of the small business healthcare tax credit in the Affordable Care Act.