Although large employers have been expanding wellness programs in recent years, small businesses have lagged in this endeavor. Since small businesses employ nearly 50% of all private-sector workers, any comprehensive expansion of wellness and prevention efforts must include a role for this large swath of private sector employers.
Historically, small businesses have faced punitive healthcare costs, paying on average 18% more than their large business counterparts. This places an economic burden on small business owners and their employees that has led to distressingly high numbers of uninsured or underinsured workers. New scientific polling shows the rising cost of prescription drugs also are becoming a major concern for our nation’s small business owners.
Small Business Majority released a scientific opinion poll that found that the majority of women-owned small businesses believe that insurance companies should be required to include contraceptive coverage in their health plans. Further, the poll found women entrepreneurs view access to reproductive healthcare as critical to their ability to start their business.
Small Business Majority scientific opinion polling found small businesses favor the Affordable Care Act over the Republican replacement plan, the American Health Care Act (AHCA) by a 2:1 ratio.
In today’s political climate, a lot of political leaders talk about wanting to help small business, but oftentimes don’t take their actual comments and concerns into consideration when working on key policy issues, like tax reform and healthcare. That’s why we tackled this challenge head on at Small Business Majority’s 2017 Policy Forum, which brought 50 small business leaders from around the country to our nation’s capital to discuss how to promote policy reforms that will help small businesses thrive.
Open enrollment to purchase health insurance plans for 2018 through the Affordable Care Act (ACA) individual marketplaces has started and there are some important changes for small business owners to note this year. If you’re a self-employed entrepreneur or have employees who need coverage through Healthcare.gov, check out these key facts about this year’s open enrollment below.
Michelle Mauricci, a true entrepreneur, has owned not one, not two, but three small businesses. Her current business, Think Possible, located in Reno, Nevada, is a personal business-consulting firm that helps entrepreneurs navigate their health coverage options under the Affordable Care Act (ACA), among other services. Michelle also receives her own coverage through the ACA’s individual marketplace, and credits the healthcare law with allowing her to follow her entrepreneurial dreams.
Some lawmakers may be intent on repealing and replacing the Patient Protection & Affordable Care Act (ACA), but our new scientific opinion polling released today shows small business owners support the ACA over the American Health Care Act (AHCA), the Republican plan to replace the law currently being considered in Congress.
Here are 5 key takeaways from our poll:
At Resilient Beauty Bar in Fairfield, CA, you’ll experience a warm and inviting atmosphere where the wellbeing of the client takes priority. The proud owner, Dee Naylor, has been a beauty professional and stylist for more than fifteen years, and hopes to eventually open a second location. But her plans to expand her business are on hold, as they hinge on the future of the Affordable Care Act.
Lawmakers who dream of gutting the Affordable Care Act (ACA) do not seem to care about its importance to small business owners, particularly those who are solo entrepreneurs. What these politicians fail to understand is that the health care law is the first meaningful insurance reform available to entrepreneurs in decades. In fact, for many self-employed business owners, their firms would not exist without it. That’s why repealing the law is going to be a sizable setback for entrepreneurship.