Testimony before the Joint Economic Committee Hearing on “Breaking through the Regulatory Barrier: What Red Tape Means for the Innovation Economy”
May 22, 2018
Jessica A. Milano
Former Deputy Assistant Secretary for Small Business, Community Development, and Housing Policy
U.S. Department of the Treasury
Small Business Majority writes in support of California Bill AB 2472, which would require Covered California to conduct a feasibility study on whether a public health insurance option is viable in California. Such a plan has the potential to increase competition and choice in healthcare options for Californians. A public option could also make small businesses more competitive when they are seeking to hire talent.
Small Business Majority writes in support of California Bill AB 2502, which would require California establish the California Health Care Payments Database. This database would publicize information about healthcare usage, costs and outcomes that would further efforts to improve affordability and quality of existing healthcare options for all Californians, including many entrepreneurs and small business employees.
Small Business Majority writes to urge the California Legislature to include funding for healthcare solutions in that will expand access to affordable coverage in the 2018-2019 State Budget. Some of the requests include: extending Medical access to all income-eligible undocumented adults and to consider enacting a California alternative to the ACA's individual mandate to maintain the robustness of the marketplaces.
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would support qualifiying small businesses struggling to find financing by creating a tax credit of 5% to angel investors that invest in businesses with less than $2 million in gross receipts. Additionally, the legislation prioritizes investor applications from those investing in traditionally underrepresented businesses.
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would would support qualifiying small businesses struggling to find financing by creating a tax credit of 5% to angel investors that invest in businesses with less than $2 million in gross receipts. Additionally, the legislation prioritizes investor applications from those investing in traditionally underrepresented businesses.
Small Business Majority writes in support of California Bill AB 2023, which would make the existing Child and Dependent Care Expenses Credit refundable, expanding benefits to California’s low- and moderate-income working families. The legislation would ensure that money is put back in the pockets of working families in our state who are struggling to afford the child care they need to participate in the workforce.
Small Business Majority writes to both the California State Assembly as well as California State Senate in support of AB 2965/S 974, which would expand MediCal coverage to undocumented immigrants. Extending this coverage would drastically decrease the number of remaining uninsured in the state, as roughly 1.8 million undocumented Californians are without healthcare coverage (more than half of the total uninsured).
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.
Copyright © 2006-2025 Small Business Majority, All rights reserved. Small Business Majority is a 501(C)(3) nonprofit organization.
