“Trump’s short-term health plans are cheaper but cover less” (sacbee.com, Aug. 1): The Trump administration’s rule authorizing the expansion of short-term insurance plans is bad news for California small businesses that depend on the Affordable Care Act marketplace. The rule authorizes the expansion of short-term insurance plans from their current three months to 364 days and allows insurance companies to renew these plans for up to a whopping three years. The administration estimated as many as 1.6 million people would purchase short-term plans by 2022, nearly all of whom would be younger...
Short-term insurance expansion ‘bad news for small businesses’
The Trump administration’s rule authorizing the expansion of short-term insurance plans is bad news for small businesses, small business employees and solo entrepreneurs in California that depend on the Affordable Care Act for quality, affordable insurance.
The rule says short-term insurance plans may last up to 364 days, and allows insurance companies to renew these plans for three years. It’s estimated 1.6 million people will purchase short-term plans by 2022, nearly all of whom would be younger and/or healthier. Without healthy people in the marketplace to offset the costs of...
LTTE: Stabilize affordable health care
The Colorado Division of Insurance recently released 2019 proposed premium increases for individual health plans purchased through the state’s Affordable Care Act (ACA) exchange, and while most of the increases are moderate they would have been even lower if not for attempts by the Trump administration to undermine the health-care law.
Although the average requested premium increase for plans on the Colorado exchange is 5.94 percent, popular silver plans could go up a whopping 12.3 percent next year. This may not sound so bad overall, but it is a serious problem for small business...
Short-term health insurance plans: What you need to know
Small business coverage. This siphoning effect may hit small business owners and employees particularly hard, said John Arensmeyer, CEO of the Small Business Majority, a liberal advocacy organization. The Trump administration estimated that as many as 1.6 million people will purchase short-term plans by 2022. Arensmeyer predicted nearly all of these people will be younger and healthier. Small businesses have come to rely on the exchanges, he explained. When you create an unbalanced risk pool that can destabilize the exchanges, and so small business owners and employees will have to pay...
Administration must stop its attacks on the ACA
The Trump administration’s efforts to destabilize the Affordable Care Act (ACA) will result in many of Virginia’s small businesses paying more for health insurance next year.
Virginia’s individual ACA premiums are expected to rise by about 13.3 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by expanding association health plans and junk insurance plans, and by repealing the individual mandate. This news is devastating for small firms since more than 60 percent of ACA marketplace enrollees are small business owners, self-employed, or...
A National Paid Family Leave Program Would Boost America’s Small Businesses
The absence of a paid family and medical leave policy in the United States is hurting my employees and my business. It doesn’t have to be this way, however, because a plan to solve this problem has been on the table for years — only Congress declined to act on it.
I own a Color Me Mine franchise, which allows customers to decorate their own pottery without having to plunge their hands into wet clay or fire anything themselves. It’s a great business, but unfortunately I’m not able to afford the kind of comprehensive benefits package that employees typically find at large corporations...
Hunter Railey: Support Affordable Care Act for sake of small businesses
The Trump administration's efforts to undermine the Affordable Care Act (ACA) will force many of Colorado's small businesses and solo entrepreneurs to pay more for health insurance or forgo coverage entirely.
Recently, the administration made two destructive decisions.
First, it announced it would stop making payments that are intended to keep health care costs down and incentivize insurers to remain in the ACA marketplaces. Without these payments that offset the cost of care for the sick, insurance companies will be incentivized to attract as many healthy customers...
State program can help assure secure retirement for thousands
Most Americans believe true retirement is not an option. A recent survey by Employee Benefit Research Institute found 79 percent of workers expect to keep working even after they technically retire, mainly because they anticipate they will need more income. The same survey found only about one-third actually work in retirement, showing how critical it is to save while you can still earn. Unfortunately, this is easier said than done in Illinois since most of the state's entrepreneurs and employees aren't able to access retirement benefits.
Research by AARP found nearly half...
L.A.-Based Program Will Benefit Black Women Business Owners
The Women’s Entrepreneurship Program will help local women entrepreneurs gain the resources they need to start and grow their companies. The Small Business Majority plans to offer in-person and online resources for women through educational events in the area. Its goals include connecting women in the Los Angeles area with local lenders, business resource providers, and mentoring opportunities.
Act-1, the staffing solutions firm launched by Janice Bryant Howroyd, is a classic example of how black-owned women firms in the Los Angeles area have thrived over the years, The company...
Letter to the Editor: With association health plans, buyer beware
In an Industry Insight column in the July 16 issue, Lynne Haggerman wrote that the Donald Trump administration’s new rule encouraging small businesses, solo entrepreneurs and others to band together to purchase health insurance through association health plans will create “a new avenue to access affordable, quality health insurance coverage.” While it is true that some groups of small businesses might be able to purchase cheaper coverage through an association plan, that outcome will be the exception rather than the rule.
AHPs could make it easier for a few small businesses with...
Buyer beware of association health plans
Business groups that have long advocated for association health plans (AHPs) just learned a valuable lesson: Beware of politicians bearing gifts.
Recently, the Trump administration finalized a U.S. Department of Labor rule that will allow groups of businesses to band together to buy insurance across state lines. President Trump claimed this rule would save small businesses “massive amounts of money” and lead to better health coverage for small firms.
Now that the rule is final, however, some longtime supporters of association health plans are disappointed.
Reps. Doggett, Welch and Cummings Unveil Bold, Market-Driven Plan to Lower Prescription Drug Prices
This legislation is backed by more than 60 Democratic cosponsors, and endorsed by the organizations below:
Public Citizen, Social Security Works, Center for Medicare Advocacy, Consumers Union, Families USA, Patients for Affordable Drugs, Community Catalyst, AFSCME, American Federation of Teachers, Small Business Majority, CREDO, Consumer Action, Health Care for America Now (HCAN), UNITE HERE!, National Physicians Alliance, American Medical Students Association, Daily Kos, People’s Action, Progressive Change Campaign Committee, ACT UP New York, Progressive Democrats of America,...
Insurance help for small business
Although the average proposed 2019 premium increase for Colorado’s individual health care exchange is the lowest since 2015, it could have been much lower if not for administration’s efforts to undermine the ACA.
While the average proposed plan increase is less than 6 percent, a closer look reveals premiums for the popular silver plans could go up 12.3 percent next year — a major blow to entrepreneurs who have few health care options.
Instead of helping small businesses gain access to health care, the Trump administration is making care more expensive. Lawmakers must stop...
Covered California premiums will rise on average 8.7%. See the increase in your area
Xiomara Pena, the deputy director of the California office of Small Business Majority, said she’s concerned that many of those individuals may be self-employed business people whose incomes are just above the levels where they would qualify for subsidies. Hundreds of thousands of self-employed business people get their health care coverage through Covered California, Pena said, and roughly six in 10 ACA enrollees nationally are either small business owners or small business employees.
Small businesses face a big retirement challenge
"Small business owners want to offer the kind of benefits that will help them attract and retain talented workers, while also helping their employees save for their futures," said John Arensmeyer, founder and CEO of Small Business Majority, an advocacy organization for small businesses and freelancers.
"Unfortunately, retirement plans are often too expensive or too difficult for small employers to provide, so these firms need options that are easy to administer and also make sense for small businesses' bottom lines," Mr. Arensmeyer said.
Businesses Applaud Representative Coffman’s Actions to Preserve Net Neutrality
ASBC has co-sponsored business sign-on statement supporting net neutrality with Main Street Alliance and Small Business Majority. ASBC has also published, "The Business Case for Net Neutrality," which outlines the potential threats facing businesses of all sizes and industries without net neutrality protections. Both may be found here: http://netneutrality.asbcouncil.org.
Small Biz Owners Want Better Retirement Savings Options
The poll, commissioned by the Small Business Majority, found most companies cited the high cost of plans and low resources available for plan administration as the main reasons for not offering 401ks or other retirement savings vehicles.
But data suggest employers aren’t entirely comfortable leaving workers high and dry. An overwhelming number support “a wide array of solutions that would make it easier for small businesses, freelancers and solo entrepreneurs to access retirement benefits,” according to a statement by the organization.
Just under seven in 10 (68 percent) of...
It’s Difficult for California’s Women-Owned Small Businesses to Get Loans, but Help is Here
Even though women’s entrepreneurship is thriving in California, that doesn’t mean women-owned businesses have it easy in the Golden State.
A 2018 survey by FitSmallBusiness.com found 37.2 percent of California’s small firms are owned by women, the fourth-highest percentage of any state in the country. What’s more, women-owned businesses are growing rapidly in California: 129 new firms owned by women are established every day.
As impressive as this growth is, the numbers would likely be even better if not for a simple reality: women have a hard time accessing funds. The...
Vicki Shabo Testifies Before Senate Finance Panel on Paid Family Leave
Vicki Shabo of the National Partnership for Women and Families discusses Small Business Majority's scientific opinion polling that found small businesses strongly support the FAMILY Act.
Rauner Has Opportunity to Help Small Businesses
Gov. Rauner tends to avoid discussing the Affordable Care Act (ACA), but he has the opportunity to make a loud statement about his support for Illinois small businesses by signing two bills that would help keep healthcare more affordable for the state's small firms by bolstering Illinois' ACA marketplace.
The Illinois General Assembly passed two pieces of legislation this session that would go a long way toward protecting the state's ACA marketplaces from bad policy favored by the Trump administration.