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Do-or-die for GOP health plan

Crain's New York Business
Topics:
Healthcare

1. Trump to House: Pass repeal or ACA stays

President Donald Trump said that House Republicans either had to approve their replacement of the Affordable Care Act today or it remains, with himself and Congress moving on to other priorities. The ultimatum came amid a flurry of negotiations and postponement of a vote scheduled for yesterday. House Speaker Paul Ryan said the chamber would vote today. [The New York Times]

Plus: Small business owners prefer the ACA to the Republican replacement by a 2-to-1 margin, according to a poll by the trade group Small Business Majority.

GOP healthcare plan would devastate small businesses

The Hill - Blogs
Topics:
Healthcare

Apparently Republican lawmakers have invented a time machine, which is better known as the American Health Care Act (AHCA). This insidious device may soon be taking the entire country on a trip back to the past because it would leave almost one-fifth of Americans without health insurance, a rate not seen since the before the Affordable Care Act (ACA).

This reckless and irresponsible legislation that would repeal and replace the ACA is bad for almost everyone in the United States, including small business owners like me who have only recently been able to offer better health coverage...

What do small business owners think of the AHA, AHCA?

MedCity News
Topics:
Healthcare

A new poll from the Small Business Majority surveyed 500 small business owners from across the country on their opinions on the AHCA. The survey was conducted online between March 17 and March 20 and had a +/- 4.5 percent margin of error.

Survey respondents came from a variety of backgrounds. Forty-eight percent were as male, while 52 percent were female. The majority of respondents (33 percent) were between the ages of 30 and 44, with the next largest proportions coming from the 45 to 54 age range (21 percent) and the 55 to 64 age range (20 percent).

In a tele-press...

Roth IRA, 529, insurance: What’s best for college savings?

Topics:
Retirement

'Gig' workers falling behind on retirement savings
Some 40% of self-employed workers polled by advocacy group Small Business Majority claimed that they are not saving in an IRA or other retirement account, according to this article on CNBC. These workers are not contributing to a retirement plan either because they don't earn much or they don't get their paid regularly, says an expert with the group. "Not knowing if you'll have a really good month or a really bad month makes it difficult for them to save on a predictable basis."

U.S. HOUSE OF REPRESENTATIVES COMMITTEE ON SMALL BUSINESS: Making Washington Work For Small Business

Public Now
Topics:
Regulations

In fact, according to a recent poll by the American Sustainable Business Council, Main Street Alliance, and the Small Business Majority, 86 percent of small business owners see regulations as a necessary part of a modern economy.

'Gig' workers falling behind on retirement savings

CNBC
Topics:
Retirement

Working in the so-called "gig economy" can make it tougher to stay on top of saving for retirement.

Four in 10 self-employed workers don't have a retirement account such as an IRA or 401(k) plan, according to a new survey from Small Business Majority, an advocacy group. They polled 500 self-identified contractors, freelancers and temporary employees in December 2016, with a margin of error of plus or minus 4.4 percentage points.

Most of those workers without a formal retirement plan said they don't earn enough, or get paid regularly enough, to warrant...

Get Started: Some business advocates oppose GOP health plan

AP (Hosted)
Topics:
Healthcare

Citing a January Treasury Department report, the Small Business Majority says the GOP plan, which is supported by President Donald Trump, could deter would-be small business owners from starting companies. The Treasury said one in five people who bought insurance on exchanges created under the ACA was a small business owner or self-employed.

"It's going to have a chilling effect on entrepreneurship," says John Arensmeyer, CEO of the Small Business Majority. "We have small business owners who would have to give up their dream — some started businesses because of...

GOP assault on Obamacare rattles workers in California's 'gig economy'

Politico
Topics:
Healthcare

“Lawmakers who dream of gutting the Affordable Care Act do not seem to care about its importance to small business owners, particularly those who are solo entrepreneurs," John Arensmeyer, founder and CEO of Small Business Majority, wrote in a Health Affairs blog post. "What these politicians fail to understand is that the health care law is the first meaningful insurance reform available to entrepreneurs in decades. In fact, for many self-employed business owners, their firms would not exist without it.”

Will proposed changes to health care affect small business?

MSNBC
Topics:
Healthcare

The Republican push to replace The Affordable Care Act is getting mixed reviews. As the GOP tries to drum up support for the American Health Care Act, small and medium-sized business owners want to know how they’ll be impacted. John Arensmeyer with the Small Business Majority and Kevin Kuhlman with the NFIB tell us what the future may have in store.

Freedom's fallen entirely out of the health-care debate

Expert Gazette
Topics:
Healthcare

"Repealing and replacing various aspects of the ACA.will do little more than create instability in the insurance market and reduce the ability of small business owners, their employees and self-employed Americans to obtain health coverage", SBM Founder and CEO John Arensmeyer said.

Letter: Obamacare helped build my business

The Columbus Dispatch
Topics:
Healthcare

Congress' effort to repeal and replace the Affordable Care Act is devastating news for self-employed entrepreneurs and small-business owners like me, who have benefited from the law. The ACA has given both my husband and me the freedom and security to pursue our entrepreneurial dreams, and we're worried about what repeal means for the future of our businesses.

The affordable coverage that I receive through the individual exchange has allowed me to reallocate funds normally spent on health care to invest in my growing business. Thanks to the ACA, we've been able to...

CBO Estimate Shows American Health Care Act Will Raise Insurance Costs for Entrepreneurs

The Lund Report
Topics:
Healthcare

Statement from Small Business Majority Founder & CEO John Arensmeyer in response to today’s Congressional Budget Office estimate on the impact of the American Health Care Act, which is projected to take insurance away from 24 million Americans

The Congressional Budget Office (CBO) today released its report on the fiscal and practical impacts of the proposed replacement for the Affordable Care Act (ACA), known as the American Health Care Act (AHCA). The CBO estimate indicates that the AHCA would be a disaster for small businesses as it would cause the insurance market to implode...

Tire industry, small business groups back ACHA

Tire Business
Topics:
Healthcare

In contrast, the Small Business Majority (SBM) cautioned that small businesses will be hurt by the AHCA if it replaces the ACA.

"Repealing and replacing various aspects of the ACA...will do little more than create instability in the insurance market and reduce the ability of small business owners, their employees and self-employed Americans to obtain health coverage," SBM Founder and CEO John Arensmeyer said.

"We believe the ACA can be improved, but replacing it with the American Health Care Act will impede entrepreneurial activity and reduce job growth. The...

The Obamacare Repeal: What It Means for Small Businesses

Nav
Topics:
Healthcare

“Repealing the employer mandate won’t impact the vast majority of small businesses since they aren’t subject to it anyway, and 96% of businesses with more than 50 employees already offered health insurance before the mandate,” Rhea Aguinaldo, Northern California Outreach Manager for Small Business Majority said. “The bottom line for small business owners is that they have benefited from the ACA, and many of the proposals in the American Health Care Act will make things worse for small employers because it will throw the insurance market into chaos and increase the costs/availability of...

CBO report predicts 24 million would lose coverage by 2026 under American Health Care Act

Healthcare Finance News
Topics:
Healthcare

Small Business Majority:

"Small employers don't want or need another healthcare overhaul, especially one that takes so many insured Americans out of the market. Instead, entrepreneurs need quality, affordable health coverage for themselves and their employees so that they can focus on running their businesses. As the CBO's estimate shows, lawmakers would be wise to abandon this proposal in favor of policies that will actually help America's job creators."

Letter: Removing rule would harm small businesses

Topics:
Retirement

To the Editor:

Next week, the Senate will vote to overturn a Department of Labor rule that makes it easier for states to establish retirement savings plans, like the Secure Choice Retirement Savings Program being implemented here in Illinois. Striking down this rule would have a chilling effect on Illinois’ Secure Choice Program, and it would be especially harmful to small businesses and their employees.

Many small businesses want to offer retirement savings programs to help attract and retain talented employees, but aren’t able to because of issues like size and cost. The...

ACA Replacement Plan Ripped Apart by Medical Groups

Physician's Practice
Topics:
Healthcare

Small business owners nationwide are signing a letter urging lawmakers to halt the repeal of the ACA in fear that it will be bad for their businesses. The letter states that the ACA has helped many entrepreneurs with pre-existing conditions leave large companies, with employer-sponsored coverage, and pursue their dreams of owning their own business. But, with the AHCA, the group argues that small businesses would no longer receive tax credits to help offset the cost of providing employees coverage.

"Repealing the ACA will eradicate hard-won benefits that were decades in the...

GOP assault on Obamacare rattles workers in California's 'gig economy'

Politico Pro
Topics:
Healthcare

Republican plans to scrap Obamacare and roll back its Medicaid expansion are sending tremors through the "gig economy" — and nowhere more so than in California.

“What these politicians fail to understand is that the health care law is the first meaningful insurance reform available to entrepreneurs in decades,” John Arensmeyer, founder and CEO of Small Business Majority, wrote in a Health Affairs blog post this week. “In fact, for many self-employed business owners, their firms would not exist without it. That’s why repealing the law is going to be a sizable setback for...

For Self-Employed Entrepreneurs, Losing The ACA Would Be An Enormous Setback

Health Affairs Blog
Topics:
Healthcare

Lawmakers who dream of gutting the Affordable Care Act (ACA) do not seem to care about its importance to small business owners, particularly those who are solo entrepreneurs. What these politicians fail to understand is that the health care law is the first meaningful insurance reform available to entrepreneurs in decades. In fact, for many self-employed business owners, their firms would not exist without it. That’s why repealing the law is going to be a sizable setback for entrepreneurship.

One of the most popular and best-known provisions of the ACA has been particularly...

My small business is out of options without the ACA

Chicago Tribune
Topics:
Healthcare

As a small business owner, I am very worried about Congress moving forward with its plan to repeal and replace the Affordable Care Act. As a lawyer, three-time cancer survivor, and an entrepreneur, I can tell you firsthand that this legislation will have a devastating impact on the small business community.

Thanks to the ACA, I was able to leave my job with employer-sponsored health coverage to start my own legal recruiting firm, Mardavis Group Inc., here in Chicago. I enrolled in the state’s marketplace, Get Covered Illinois, and had no difficulty finding coverage, even with a pre-...

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