Small Business Healthcare Act Becomes Law

Date: September 03, 2019

The new law was passed without Gov. Cooper’s approval.

On Aug. 26, the Small Business Healthcare Act became law without the signature of Gov. Roy Cooper. The new law will allow small businesses to band together to offer group health insurance plans to help lower insurance costs for small business owners and their employees. 

In a statement released by Gov. Roy Cooper’s office, the governor expressed sympathy for those affected by high health insurance costs but remains concerned for the long-term effects of the new law. 

“People have a right to be frustrated with the cost of private health insurance plans, but even though there is significant bipartisan support for this legislation, my concerns about the legality of these cheaper plans and their potential negative effects on health care prevent me from signing the bill.”

In 2017, President Donald Trump signed an executive order expanding the availability of association health plans for those who could not afford plans provided by the Affordable Care Act.

“The cost of healthcare has been the number-one problem for small businesses for more than 30 years,” said Juanita Duggan, NFIB president and CEO following President Trump’s executive order. “NFIB has fought to remove penalties on small businesses for helping their workers buy health insurance, and the President’s action advances that effort.”

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