Affordable Care Act
A plurality (50 percent) of small business owners want the healthcare reform law upheld—either as is or with minor changes—while only one-third want the Supreme Court to overturn it, according to opinion polling released today by Small Business Majority. However, after learning more about the law, a clear majority (56 percent) want it kept intact with, at most, only minor changes.
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.