Today, hundreds of small business owners and business organizations added their names to a letter urging Congress to pass the Inflation Reduction Act of 2022. The letter outlines how small businesses stand to benefit from the legislation, namely by improving access to healthcare, increasing tax enforcement on large corporations, and making meaningful climate change investments.
Affordable Care Act
Today, John Arensmeyer, CEO and founder, submitted a letter to Congressional leadership offering strong support for the Inflation Reduction Act of 2022. The Inflation Reduction Act's provisions would improve access to healthcare, increase tax enforcement on large corporations, and make meaningful climate change investments.
During a series of three focus groups across the state of Colorado, Small Business Majority facilitated discussions with a variety of small business owners and self-employed workers to better understand their personal experiences that could inform policy conversations regarding Medicaid expansion, healthcare costs and coverage. These roundtable discussions occurred while COVID-19 dramatically impacted business and local economies. While the pandemic’s effect was often brought up by participants, this issue brief focuses on the broader impact of Medicaid expansion and of small business owners’ experiences and observations about Medicaid expansion and health insurance.
With open enrollment for 2021 now live and U.S. Supreme Court hearings that could determine the future of the Affordable Care Act (ACA) happening this week, healthcare is top of mind for many small business owners. Rich Gordon, a solo-entrepreneur and healthcare agent in Georgia is amongst them.
Rich actually started his business in response to the passing of the ACA. He had worked his entire career in health insurance and was approaching retirement. He saw the ACA as an opportunity to both help people and sustain an income in his retirement.
In 2010, when the Affordable Care Act (ACA) was enacted, Sadie Tuescher’s office at her county job in Milwaukee, Wisc. was flooded with people looking for help enrolling in coverage through the new marketplaces created by the law. She was overwhelmed by the influx of clients but quickly adapted and learned everything she could about the new healthcare law. It wasn’t long before her insurance agent husband was calling her daily with questions about the ACA.
The post below is in response to the recent ruling in the case of Texas v. U.S., which further complicates the future of the Affordable Care Act.
Open enrollment to purchase health insurance plans for 2020 through the Affordable Care Act (ACA) individual marketplaces is in full swing. This open enrollment season, we’re excited to partner with Airbnb to get the word out about open enrollment and share important resources to help entrepreneurs, small businesses and Airbnb hosts get covered. As part of this effort, we’re hosting two webinars to help you navigate enrollment and share important deadlines and resources so you can find the best healthcare option for you.
Health insurance exchanges are the most important component of healthcare reform for small businesses. These marketplaces will allow small businesses and individuals to band together to purchase insurance, which will lower their healthcare costs and allow more of them and their employees to get quality healthcare coverage.
In March 2011, Small Business Majority and Pacific Community Ventures (PCV) released the results of a survey, commissioned by PCV, of 804 California small business owners with fewer than 20 employees on key provisions of the Affordable Care Act. It found that small business owners who currently don’t offer health insurance, along with those who do, are more likely to provide or continue to provide coverage because of the healthcare tax credits and state insurance exchange.
More than any other sector of the economy, small business suffers from our broken healthcare system. From spiraling premium costs to inadequate access to quality healthcare for themselves and their employees, small business owners have seen their prospects for growth diminished and their profits slashed by today's patchwork of inefficient healthcare options.