Small businesses are facing yet another challenge with the recent final health care rule on short-term health plans. The National Federation of Independent Business (NFIB) has expressed disappointment with this rule as it limits health care coverage for small employers, restricting their ability to choose flexible, low-cost, short-term health plans. NFIB had previously submitted comments to the administration opposing this rule.
Jeff Brabant, NFIB Vice President of Federal Government Relations, stated that this rule is a step in the wrong direction for small business owners who are seeking more affordable, flexible, and predictable options for themselves and their employees. Small businesses already face numerous challenges, and this rule adds another layer of complexity and red tape. NFIB is urging the administration to withdraw this rule to better support small employers.
The rising cost of health insurance is one of the top concerns for small business owners identified by NFIB members 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 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.
Small businesses are struggling enough; they don’t need more regulations that make it harder for them to provide coverage for their employees or compete with larger companies. It’s time for policymakers to listen to what small business owners want and work towards creating a more level playing field where everyone has access to affordable healthcare options.
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