What health care reform means for your business

There has been tremendous debate about this health care issue that I actually am confused. I’m not really sure I understand the good and the bad about this bill so I will remain tight lipped until I understand more. I do find it interesting that there is such passion for bill negative and postive but again, I simply do not understand it well enough. But, this article does shed some light on the issue that I hope everyone has a chance to read it and understand as best they can. I personally would not to debate this issues as there are other things I need to focus on but I do think this article is a good read.

CNNMoney.com Small Business By Neil deMause, contributing writerMarch 22, 2010

NEW YORK (CNNMoney.com) — The sweeping health-care bill passed by the House of Representatives Sunday, and now headed for President Obama’s desk, promises a sea change in the way that small business owners purchase and provide health insurance for themselves and their employees.

But many of the provisions won’t kick in until 2014 — and the final rules could still be changed by amendments that will now be considered by the Senate.
Thanks to the political maneuvering that followed the Democrats’ loss of a filibuster-proof majority in the Senate, the House passed two separate health care bills. The first was an exact duplicate of the one passed by the Senate in December, enabling the president to sign it into law as soon as this week.

The second, a package of diverse amendments addressing elements of the Senate bill that the House wanted changed, will now be voted on in the Senate under “reconciliation” rules that require only a simple majority.

For small businesses, the effects of the now-passed health reform law include:

* By no later than 2014, states will have to set up Small Business Health Options Programs, or “SHOP Exchanges,” where small businesses will be able to pool together to buy insurance. (“Small businesses” are defined as those with no more than 100 employees, though states have the option of limiting pools to companies with 50 or fewer employees through 2016; companies that grow beyond the size limit will also be grandfathered in.)

The Congressional Budget Office has estimated that the exchanges would ease small business insurance costs, albeit only marginally: premiums in the small-group market are forecast to fall between 1% and 4% under the exchanges, while the amount of coverage would rise by up to 3%.

Read more at CNNMoney.com

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