Small Businesses See Significant Gains from the ACA

New report shows uninsured rates have dramatically decreased among small business owners and employees and small business healthcare costs have stabilized under the ACA.

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Wednesday, November 28, 2018
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Recent Developments

On Friday, November 16, Small Business Majority Vice President for National Outreach David Chase spoke on a panel at the National Association of Insurance Commissioners Annual Conference. He spoke about a recent rule change from the Department of Labor to allow for the creation of Association Health Plans (AHPs), which will harm small businesses by creating separate risk pools and raising costs in the small group marketplace. 

On November 14, Small Business Majority submitted comments to the Office of Comptroller of the Currency regarding a proposed rule amending regulations for the Community Reinvestment Act. The letter provides feedback and suggestions to strengthen the proposed rule in order to better stimulate small business lending. 

Read the letter »

On November 7, LaJuanna Russell, founder and president of Business Management Associates, Inc. and Chair of Small Business Majority's Board of Directors, testified before the District of Columbia City Council Committee on Health on measures being considered to improve healthcare marketplaces in D.C. Her testimony explained how legislation banning junk insurance and association health plans (AHPs) would help local entrepreneurs and small business employees by protecting affordable and quality health coverage.  

Read the testimony »

On October 16, Small Business Majority published a report entitled, “Small businesses see significant gains from the Affordable Care Act.” The report shows uninsured rates have dramatically decreased among small business owners and employees and small business healthcare costs have stabilized under the ACA.

Read the full report »

On October 3, Small Business Majority CEO John Arensmeyer testified before the U.S. Senate Committee on Small Business and Entrepreneurship on "Expanding Opportunities for Small Businesses Through the Tax Code." The testimony offered proactive solutions for tax reform to encourage entrepreneurs to start and grow their businesses, including ways the Opportunity Zones program can be targeted to benefit small businesses. 

Read the testimony »

On October 1, the Commonwealth Fund published a report written by Small Business Majority titled, “The Affordable Care Act’s Impact on Small Business.” The report shows small business owners have seen significant gains in health care coverage for themselves and their employees thanks to the ACA. Specifically, 5.7 million small business employees or self-employed workers are enrolled in ACA marketplaces, and 52.64% of all ACA marketplace enrollees are small business owners, self-employed individuals or small business employees.

Read the report »

On September 19, Small Business Majority released the results of a national scientific opinion poll revealing small business owners believe investing in infrastructure is important to their business, and they feel the federal government should play a significant role in funding infrastructure projects Additionally, small business owners strongly support high-speed broadband infrastructure projects, especially in rural areas.

Read the report »

On August 31, the California legislature passed SB 1235, the nation’s first small business truth-in-lending law, which is a major step toward protecting small business owners from predatory lending practices. This legislation is critical because it will dramatically increase the transparency of financial products marketed to small firms, and we hope Gov. Brown moves quickly to sign this measure. 

Read our statement »

On July 24, Small Business Majority launched its Women’s Entrepreneurship Program in L.A., a special initiative offering tools and resources for female entrepreneurs to succeed. Today's launch event, “Unleashing Potential: Supporting Women’s Entrepreneurship,” was held at Los Angeles City Hall and featured presentations and panel discussions highlighting resources for female business owners on topics like healthcare, mentoring and access to capital.

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On July 17, the U.S. House of Representatives passed the JOBS and Investor Confidence Act of 2018, which will increase access to capital for small businesses and start-ups by making it easier to raise equity capital or to pursue initial public offerings. The bill now heads back to the Senate for final consideration.

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