Obamacare had the most negative impact on small business owners, who did not qualify for subsidies and could not afford increasing health insurance premiums!
We’re expanding Association Health Plans and streamlining regulation. That will give small businesses more and cheaper insurance choices.
The Labor Department is set to issue a new rule that will lower health care costs and increase choices for millions of American small businesses, which have been among the hardest hit by rising health care costs including those caused by Obamacare.
Following an executive order last fall from President Trump, the department will expand what are known as association health plans (AHPs) in the coming weeks. These plans allow small businesses to band together to purchase health insurance in bulk, lowering prices and mitigating risk.
AHPs have long been an escape hatch from rising health care costs for small businesses. However, state regulations have made them much harder to operate. Now only a handful remain in most states, and they don’t have the cost and choice advantages of large corporate health plans.