WASHINGTON | October 13, 2017
week, Chairwoman Foxx joined President Trump at the White House as he signed an
order to allow small businesses to join together through association health
plans (AHPs). House Republicans have been fighting for this type of free-market
reform for years. In fact, the Committee on Education and the Workforce
advanced and the House passed
legislation earlier this year to expand access to affordable health care for
small business employees through AHPs.
President’s action is certainly a victory for small businesses and their
employees, and here’s why:
1. 56,800,000. That’s the number
of workers employed by a small business, representing nearly half of the
private-sector workforce. Millions of Americans stand to benefit from association health plans.
2. Small businesses
need more options. Obamacare
has hit small businesses especially hard, leaving them with fewer choices as they try to provide for their employees. As
one small business owner explained to Congress:
“As a small business owner, I recall the
days before the ACA when we would receive a 2-inch notebook that contained
multiple quotes from different health insurance companies. Now, our options
are listed on a single legal sized sheet of paper.”
3. Small businesses
face soaring health care costs. According to the National Federation of
Independent Business, the cost of health care was the top
concern to small businesses in 2016.
of rising costs, many small businesses who want to do what’s right for their employees have been forced to stop providing coverage. In fact, since 2008, the share of small
businesses with fewer than 10 employees offering health coverage has declined
by 36 percent.
4. Jobs are at stake. Because of soaring
costs under Obamacare, small businesses have lost 300,000 jobs and $19
billion in wages. At least 10,000 small businesses have closed their
doors, according to the American Action
5. It’s about
to their size and economies of scale, large businesses and labor organizations
are able to negotiate for high-quality health care at a more affordable cost
for their employees. Small businesses don’t have the same bargaining power.
is on the way. AHPs will make a real difference in the lives of millions of
small business employees by leveling the playing field, expanding affordable
health care options, and promoting a more competitive health insurance
marketplace. Learn more here.