National Federation of Independent Business member will testify about difficulties affording quality care for employees
For Immediate Release
Andrew Wimer, 202-314-2073 or 703-298-5938 (cell)
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Washington, D.C. (February 1, 2017) – National Federation of Independent Business (NFIB) member Scott Hollenbacher, owner of Portland, Indiana-based Bollenbacher & Associates, LLC, will testify today in front of the House Education and Workforce Committee. Bollenbacher will share his story about the difficulties he and his clients have faced purchasing health insurance since passage of the Affordable Care Act (ACA).
“The Affordable Care Act has been an incredible disruption to my business, my employees, and my clients,” said Bollenbacher. “For ten years, we had the same plan and had manageable annual increases. After passage of the law, that plan was cancelled. Since then, we’ve had another plan cancelled on us and ended up having to swallow a 78 percent premium increase. The increases and cancellations are unsustainable.”
Bollenbacher & Associates has two offices in eastern Indiana with 11 full-time employees and six part-time employees serving 1,600 clients. Their health insurance situation is further complicated by the fact that the firm has employees residing in both Indiana and Ohio.
“We have few good options when it comes to providing for our employees,” said Bollenbacher. “Many of our clients have faced the same struggle. They have seen their costs doubled and plans cancelled. Some have even been forced to cut back on their workforce to keep up with rising costs.
“Congress and the President need to act to undo the damage and pass reforms that give businesses like mine the flexibility to choose a plan that works for their needs. Without action, small businesses will continue to face tough decisions about how to pay for coverage, provide for their workers, and keep their doors open.”