Senate Committee Holds Roundtable on Health Care Challenges for Small Businesses
The US Senate Committee on Health, Education, Labor & Pensions held a roundtable on Tuesday, July 7, to discuss the health care challenges and opportunities facing small businesses. Witnesses provided testimony at the hearing expressing concerns about the employer mandate, insufficient tax credits for health insurance, and the likelihood of higher premiums resulting from the planned expansion in 2016 of the small group market to employers with 100 employees or less.
“Small businesses have traditionally had some of the least competitive, most expensive health insurance options out there,” said Senator Mike Enzi (R-WY), in setting the stage for the discussion. “Yet so many small business owners still view it as a priority to assist their employees in purchasing health insurance… There are a lot of changes that would improve things and meet a short-term need, but we also need to think past the next plan year. We should try to ask the question of what this market should look like in the future and what do we need to do to get there.”
The panel of witnesses included health policy experts and small business owners. The Committee asked the panel to address the following questions in their testimony: 1) What is the current status of the health insurance market for small businesses, specifically plan options and costs in the small group market? 2) What tools and options are available and useful for small employers to offer some assistance to their employees? 3) What has worked, what hasn’t worked, and what policy recommendations do you have for the Committee?
:: Read Full Article