Two New Studies: Health Reform Benefits Small Business

Under the old health care system, many businesses found it difficult, if not impossible to provide health insurance benefits to their workers. Over the past decade the percentage of small firms offering coverage decreased and many businesses have suffered under the weight of high health care costs.

The Affordable Care Act helps make it easier for employers to provide health benefits. This year, small businesses are eligible for health care tax credits and starting in 2014, small businesses with up to 100 employees will have access to state-based Small Business Health Options Program (SHOP) Exchanges, which will expand their purchasing power. Additionally, the Business Roundtable estimated that provisions in the legislation could save $3,000 per person in health costs.    

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