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Small business owners continue to struggle with annual, double-digit insurance premium increases that make providing and maintaining coverage more and more difficult. In several states, small business owners have only one or two insurance companies from which to choose—a monopolistic atmosphere producing out-of-sight prices. Insurance premiums for small groups or single coverage have increased by more than 82 percent since 2000, a jaw-dropping statistic. This is completely unsustainable over the long term.
NFIB knows that no one solution will help the 44.8 million uninsured Americans cover healthcare costs, but a multi-faceted approach including political advocacy will allow millions more to find healthcare at costs they can afford. This approach should include health-insurance purchasing pools for small businesses, tax-based incentives to assist with the purchase of health insurance and implementing cost-containment measures.
Learn more about NFIB's work on healthcare reform.
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