Silver Lining to Continuation of Obamacare for Small Business?

Date: April 04, 2017

Much to the chagrin of NFIB members, Obamacare will remain the law of the land for now. But there’s could be a slight silver lining for Michigan small business owners. Blue Cross Blue Shield of Michigan is proposing an average cut of 1.3 percent on small business group rates for customers renewing in the latter half of this year. Part of this is a growing familiarity with the ins and outs of the Affordable Care Act, reports Crain’s Detroit Business.

“We are better at managing our costs and have seen that trend come down the last three years,” Blue Cross’ vice president of middle and small group business told reporter Jay Greene. “We are no longer the carrier of last resort and that, along with risk adjustments and tightly managed benefit costs, has (helped the) total decline.

NFIB continues to support a reduction of taxes for small businesses, and supported the American Health Care Act.

“The House’s failure today to pass the American Health Care Act is extremely disappointing,” said NFIB CEO and president Juanita Duggan of the bill’s failure in March. “Small businesses have struggled for seven years under Obamacare’s taxes and mandates, and now that struggle will continue for the foreseeable future. Passing a bill with a massive tax reduction for small businesses should have been the easiest of votes for both parties.”

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