During debate over the Affordable Care Act in 2009, a prominent member of the U.S. House of Representatives made clear that any new federal health care legislation must create a framework for portable health care benefits in order to prevent aspiring entrepreneurs from being shackled to their jobs.
“[T]he key question that ought to be addressed in any health care reform legislation is, “Are we going to continue job lock, or are we going to allow individuals more choice and portability to fit the 21st-century workforce?’”
The House member who asked that question was not then-Speaker Nancy Pelosi (D-Calif). It was current House Speaker Paul Ryan, who was then and is now deeply opposed to the ACA. While Ryan did not expressly mention protections for people with pre-existing conditions in that specific statement, he did hint at the need for such safeguards because the best way to end “job lock” is to require insurance carriers to offer health coverage to customers with pre-existing conditions. What’s more, this statement unintentionally undermines a legal challenge to the ACA being made by some of Ryan’s allies.
The federal government is letting America’s small businesses down when it comes to health care. Despite the obvious benefits of the Affordable Care Act (ACA) to small firms, the Trump administration and its allies continue to undercut the law, including their recent move to expand short-term insurance plans.
This month, a U.S. Department of Health and Human Services rule went into effect that allows insurance companies to sell short-term insurance plans that last up to 364 days and to renew those plans for up to three years.
These policies are often referred to as “junk insurance” because they are not required to cover essential health benefits like prescription coverage or mental health treatment, meaning they don’t cover much of anything. While this extremely limited coverage normally makes these policies inexpensive on the surface, they typically carry high deductibles. Continue reading
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.
U.S. Department of Health and Human Services Secretary Alex Azar’s assertion that the Trump administration is helping consumers “forgotten” by Obamacare is a fantasy.
Azar’s claims that the expansion of association health plans (AHPs) and short-term health insurance will bail out consumers priced out of health plans available through the Affordable Care Act (ACA) marketplaces ignore the reason those plans are becoming more expensive: because the administration is sabotaging the ACA.
Creative Capital is Driving Economic Recovery
As small business owners get creative in raising capital, the economy is beginning to show steady improvement. It’s no secret that credit is a long-standing problem for small business owners. And while the Small Business Administration is offering more loans to entrepreneurs than before the Great Recession, many are still having a hard time finding the credit they need.
Small Business Majority’s scientific opinion polling revealed 90% of small business owners view the availability of credit as a problem. Furthermore, 61% agreed that it is harder to get a loan now than it was in 2008.