• Wed. May 22nd, 2024

Small Businesses Face Challenges with New Health Care Rule: NFIB Calls for Reversal

BySamantha Jones

Mar 28, 2024
Health Care Regulation is a Barrier for Small Businesses Across the Country

The National Federation of Independent Business (NFIB) has expressed its disappointment with the final health care rule on short-term health plans, which limits coverage for small employers. This rule restricts small businesses’ ability to choose health coverage by limiting access to flexible and low-cost short-term health plans. NFIB had previously submitted comments to the administration opposing this rule.

Small business owners are seeking more affordable, flexible, and predictable options for themselves and their employees. However, this rule adds another layer of complexity and red tape to an already challenging landscape for small businesses. NFIB is urging the administration to withdraw this rule in order to better support small employers.

NFIB members have identified the rising cost of health insurance as one of their top concerns for over 40 years. A recent survey conducted by NFIB revealed that 56% of small employers currently offer health insurance to employees, while 44% do not. The primary reason cited by small employers for not offering health insurance is the cost, with 65% of respondents stating this as the main factor.

Furthermore, 98% of small employers are concerned that the cost of providing health insurance to their employees will become unsustainable in the next five to ten years. This underscores the importance of affordable health care options for small businesses and the need for policies that support their access to such coverage.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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