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Related: About this forumSmall Businesses Drop Coverage As Health Law Offers Alternatives
For two decades Atlanta restaurant owner Jim Dunn offered a group health plan to his managers and helped pay for it. That ended Dec. 1, after the Affordable Care Act made him an offer he couldnt refuse.
Health-law subsidies for workers to buy their own coverage combined with years of rising costs in the company plan made dropping the plan an obvious though not easy choice.
I had a lot of regrets going into it, Dunn, who owns three Italian Oven restaurants in suburban Atlanta, said of his decision. I dont think I have as many now only because Ive seen the affordability factor for my managers improve.
Dunn and five managers are now covered under individual plans bought on healthcare.gov. How many other owners make the same decision will help set the future of small-business health insurance. Although the evidence so far is mixed, brokers expect more firms to follow in the next few years.
Read the rest at: http://kaiserhealthnews.org/news/small-businesses-drop-coverage-as-health-law-offers-alternatives/
JDPriestly
(57,936 posts)Fewer and fewer people will depend on their employer's health plan selection. More and more people's health care insurance will be subsidized, and we will all be the better for it.
Eventually, we will put limits on the profits of the insurance companies.
That is what is likely to happen.
Travis_0004
(5,417 posts)I would think every small business owner would let the government subsidize health insurance, and probably save hundreds a month per employee.
hedgehog
(36,286 posts)health insurance on the exchange.