Trump administration’s ACA sabotage will raise healthcare costs for small businesses
The Trump administration’s efforts to undermine the Affordable Care Act (ACA) are clearly working based on the steep enrollment drop. This massive change has serious consequences for our economy: It will force many small businesses and solo entrepreneurs to pay more for health insurance or forgo coverage entirely.
More than half of all ACA marketplace enrollees nationwide are small business owners, self-employed individuals or small business employees. These people depend on the ACA for quality, affordable care, but prices will rise for ACA-compliant plans if younger and/or healthier people exit the marketplaces en masse, as the Trump administration hopes will happen.
How effective can a small business be if its workers don’t have access to quality care?
John Arensmeyer is the Founder & CEO of Small Business Majority.