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Another Voice: Lawsuit threatens small businesses' ability to provide retirement benefits

Sacramento Business Journal
Topics:
Retirement Security

A great program that would benefit California’s small businesses is now threatened by a federal lawsuit, and if successful this legal challenge would be a devastating blow to the many small firms that struggle to offer the kind of retirement benefits typically found at large corporations.

The lawsuit questions the constitutionality of CalSavers, which when implemented, will give more choices to small businesses that don’t offer retirement programs. CalSavers is a public-private partnership that will allow private-sector employees to contribute to an individual retirement savings...

Online sellers consider how to comply with sales tax ruling

Associated Press
Topics:
Tax and Budget Reform

But to brick-and-mortar stores, the ruling righted a decades-old imbalance that favored internet retailers and led to the demise of thousands of merchants.

"They've been getting an unfair advantage for 20 years. As much as I like the internet, real harm has been done," says Mike Brey, owner of two Hobby Works stores in Maryland. Brey, who also has an online business, has closed three stores. He plans keep building his internet business, and expects his company will eventually pass whatever thresholds are set in all the states.

Medicaid Expansion Is a Huge Win for Virginia’s Small Businesses

Morning Consult
Topics:
Healthcare

As a small business owner, I’m grateful that Virginia finally expanded Medicaid. This development is personal to me because one of my best employees might still be alive today if he could have enrolled in Medicaid several years ago when the commonwealth first had the chance to expand the program under the Affordable Care Act.

Now that more people will be eligible for Medicaid in Virginia, more low-income workers will be able to enroll. This is critical to small businesses like mine because so many small firms don’t have the resources to offer health benefits.

The trade-off that comes with association health plans

Washington Post
Topics:
Healthcare

The Labor Department issued a final rule authorizing the expansion of association health plans over the objections of virtually everyone who weighed in on the proposal, including small businesses. Such broad opposition was with good reason.

The new rule may make it easier for a few small businesses with younger and/or healthier employees to purchase association health plans, but the trade-off is that these plans will cause the insurance market for small businesses to split, leading to major increases in premiums. These multistate plans will not have to include protections for people...

Obamacare faces new life-threatening conditions

CBS MoneyWatch
Topics:
Healthcare

But advocates worry that the move is a return to the bad old days before insurers had to adhere to standard regulations that protected consumers from paying insurance premiums, only to find coverage wasn't there when they needed it.

"The new rule will allow groups of businesses to band together to buy insurance across state lines, which will be bad for small firms and their employees because it will lead to higher premiums, unbalanced risk pools and lower-quality insurance," said John Arensmeyer, founder and CEO of Small Business Majority.

Obamacare faces new life-threatening conditions

CBS News
Topics:
Healthcare

"The new rule will allow groups of businesses to band together to buy insurance across state lines, which will be bad for small firms and their employees because it will lead to higher premiums, unbalanced risk pools and lower-quality insurance," said John Arensmeyer, founder and CEO of Small Business Majority.

Stakeholders At Odds As Trump Administration Finalizes AHP Rule

Inside Health Policy
Topics:
Healthcare

The Trump administration on Tuesday (June 19) finalized a highly anticipated rule expanding the ability of employers to band together to create association health plans (AHPs) that supporters say offers consumers more coverage choices and detractors worry will destabilize existing markets and put consumers at risk of inadequate coverage. The rule keeps many of the proposed provisions on non-discrimination but does not restrict ratings based on non-health factors, including age and geography. DOL also responded to feedback and will now require an AHP to have at least one business purpose...

Trump administration finalizes expansion of association health plans

Fierce Healthcare
Topics:
Healthcare

Even small business groups were disappointed with the final rule. In a statement, Small Business Majority founder and CEO John Arensmeyer said expanding AHPs would harm the small group market and criticized the administration for doing “all it can to undermine the [ACA] regardless of the consequences.”

“While the new rule may make it easier for a select number of small businesses with younger and/or healthier employees to purchase association health plans that might be cheaper in other states, the tradeoff is that this will cause the insurance market for small businesses to split in...

Small Business Organization of the Week: Small Business Majority

Soar Payments
Topics:
Entrepreneurship

If you’re an entrepreneur, small business owner, or just working in a small business, you’ll inevitably run into challenges as you work to grow. You also could benefit greatly from connecting with others in your niche, or just having some extra guidance. With that in mind, we want to honor organizations that are bringing business owners, future business owners, and even employees from many different areas together.

That’s why every episode we’ll recognize and award a small business organization or group of the week. We also will look to PayPod listeners to give us nominations. If...

Association Health Plan final rule could cost consumers millions of dollars

Keystone Business Daily
Topics:
Healthcare

John Arensmeyer, founder and CEO of Small Business Majority, said that if the current U.S. Department of Labor proposal for association health plans becomes a rule, it would be easier for a few select small businesses with younger and healthier employees to purchase health plans that might be cheaper in other states.

"The tradeoff, however, is the small-group insurance market would split in two—one pool for businesses that want bare-bones plans and one for firms that need more comprehensive coverage," Arensmeyer told Keystone Business News. "This would eventually lead...

Lopsided Support for Obamacare Seen in Red State Suit

Bloomberg Law
Topics:
Healthcare

The elimination of the Medicaid expansion and federal financial assistance that helps people buy insurance in the individual market would have untoward impact “on the 20 million people with low to moderate incomes who would lose meaningful coverage, including 12 million people who get coverage through the Medicaid expansion and 8 million who purchase coverage on the individual market using federal subsidies,” Families USA said in a brief joined by Community Catalyst, the National Health Law Program, the Center on Budget and Policy Priorities, and the Texas-based Center for Public Policy...

ACA destabilization will cost small businesses

Southern Maryland News
Topics:
Healthcare

The Trump administration’s efforts to destabilize the Affordable Care Act (ACA) will result in many of Maryland’s small businesses paying more for health insurance next year.

The Congressional Budget Office said premiums for healthcare plans purchased through the ACA exchanges will rise by an average of 10 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by proposing rules to expand association health plans and junk insurance plans, and by repealing the individual mandate. This news is devastating for small firms since more than 60...

Letter: Trump’s efforts to undermine ACA will cost small companies

San Jose Mercury News
Topics:
Healthcare

Re: “Trump administration won’t defend the ACA” (Mercurynews.com, June 7):

The Trump administration’s efforts to destabilize the Affordable Care Act will result in many of California’s small businesses paying more for health insurance next year.

The Congressional Budget Office said premiums for health care plans purchased through the ACA exchanges will rise by an average of 10 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by proposing rules to expand association health plans and junk insurance plans, and by repealing the...

Broad health-care coalition opposes administration stance in anti-ACA lawsuit

The Washington Post
Topics:
Healthcare

Also weighing in were three hospital trade groups, the Association of American Medical Colleges, and five major groups advocating for patients with diseases, including the American Cancer Society, the American Heart Association and the American Lung Association. The liberal consumer-health lobby Families USA, the Small Business Majority, a group of law professors and a separate group of health-care and economic researchers also filed briefs.

Trump administration should heed small business' concerns about association health plans

Harrisburg Patriot-News
Topics:
Healthcare

The Trump administration is expected to release a plan soon that it claims would help lower costs for small businesses struggling to afford health insurance, but the truth is this proposed rule will not fulfill that need.

If enacted, the rule proposed by the U.S. Department of Labor (DOL) would make it easier for insurance companies to sell health insurance across state lines, which would theoretically encourage groups of businesses, such as trade associations, to band together to form what are known as association health plans, or AHPs.

Medicaid expansion might save Virginians’ lives

Richmond Times-Dispatch
Topics:
Healthcare

Editor, Times-Dispatch:

As a small-business owner, I’m grateful Virginia’s General Assembly voted to expand Medicaid.

This development is personal to me because one of my best employees might still be alive today if he could have enrolled in Medicaid.

I started Better Display Cases in Stafford after spending 20 years in the Army. Unfortunately, I’m unable to offer health insurance benefits to my employees because of high costs.

One of my employees had high blood pressure, but he couldn’t afford health insurance, and he made too much money to qualify for Medicaid...

Reckless attacks

Chicago Sun-Times
Topics:
Healthcare

Re: “U.S. clings to health coverage gains despite political drama [May 22], the Trump administration’s efforts to destabilize the Affordable Care Act will result in many of Illinois’ small businesses paying more for health insurance next year. The Congressional Budget Office said premiums for health care plans purchased through the ACA exchanges will rise by an average of 10 percent in 2019, thanks to the administration’s efforts to undermine the ACA as much as possible by proposing rules to expand association health plans and junk insurance plans, and by repealing the individual mandate....

Even finance whizzes say it's impossible to compare online small business loan options

McClatchy DC
Topics:
Access to Capital

Catarah Coleman and Shoneji Robison picked a seemingly auspicious time to expand: They found a large corner space in a popular mall in Los Angeles in 2012 — and the next year, saw a rush of new customers when they won the Food Network’s Cupcake Wars.

But they maxed out their credit cards and cashed in their retirement accounts to pay for the construction, and still struggled with payroll each month.

When banks turned down their loan applications, a friend from church suggested they go the online route.

The pair wound up taking out loans and advances one on top of the...

Ending Net Neutrality Could Mean the End for Some Small Businesses

Morning Consult
Topics:
Infrastructure

Listen to needs

Star News Online
Topics:
Healthcare

California lawmakers are currently considering several proposals to help make health coverage more affordable for Californians. As a small business owner who has benefitted from Covered California for Small Business (CCSB), I know firsthand how important it is to make health coverage more affordable and accessible for our state’s job creators.

Because my husband and I both receive insurance through our veteran status, offering healthcare was not a priority when we converted our farm to a working business. However, farm hands are hard to come by, and we had to find a way to become...

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