Small Business Majority writes in support of California Bill AB 2499, which would ensure premium dollars are spent on actual healthcare expenses rather than administrative costs. This bill will codify existing ACA medical loss ratios of 80/20 for the individual market and 85/15 for the large group market into California law to reinforce the state’s commitment to affordability.
Small Business Majority writes in support of Illinois Bill HB 4165 HA 1, the Do Not Harm Healthcare Act. The bill would bring more stability and certainty to healthcare marketplaces in Illinois.
Small Business Majority submitted a letter in support of California's net neutrality bill (SB 822), which would enforce net neutrality at the state level. It allows the state to ensure internet service providers (ISPs) are allowing equal access to the network.
Small Business Majority writes in support of AB 3148, which would provide additional cost sharing assistance to help those eligible for assistance to better afford their copays and deductibles, which would directly benefit many of California’s small businesses, their employees and self-employed entrepreneurs. AB 3148 would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees, by ensuring that no one is unable to use the insurance they have.
Small Business Majority has written in support of AB 2459, which would extend tax credits to individuals struggling to access affordable healthcare. Providing tax credits to help individuals unable to afford monthly healthcare premiums would help many of California’s small businesses, their employees and self-employed entrepreneurs.
Small Business Majority has written in support of AB 2565, which would extend additional assistance to individuals who qualify for premium subsidies but still struggle to access affordable healthcare. The legislation would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees, by ensuring that no one would spend more than 8% of their income on health insurance premiums.
On April 18, Small Business Majority CEO John Arensmeyer testified before the California Senate Committee on Banking and Financial Institutions in support of SB 1235, which would create regulations for new sources of alternative lending in California. The testimony explained that such regulation is widely supported by small business owners, as it would protect them from predatory lending practices.
The most surprising development in Maryland this month wasn’t a snowstorm but the fact that the General Assembly and Gov. Larry Hoganput politics aside to pass a lawthat will rescue the state’s entrepreneurs and small business employees from skyrocketing health care costs.
Maryland lawmakers just approved a bill that will curb the cost of health insurance premiums for 150,000 residents through a $380 million reinsurance program. That's money that can be used by insurers to pay for some of the costliest claims made by customers who purchased insurance through Maryland’s health insurance marketplace. States like Maryland are looking at these programs because they can help stabilize premiums in the individual marketplace by helping to compensate insurers for their most expensive customers.
Small Business Majority voiced opposition against the proposed rule change that would permit insurers to sell “short-term” health insurance plans that provide coverage for up to 364 days, well beyond the three months currently permitted by the Affordable Care Act. Short-term health insurance is meant to fill a gap in an individual’s coverage in the instance of job loss or other life change. These plans are not required to cover essential health benefits like prescription coverage or mental health treatment.
California Director Mark Herbert testified before the Assembly Committee on Health to voice support for proactive solutions to ensure all of California’s small businesses and self-employed entrepreneurs have access to quality, affordable healthcare. AB 2459 would significantly improve affordability for thousands of middle-income individuals and families, including many entrepreneurs and small business employees.