Savings for Small Business in Health Plan
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As Washington debates an overhaul of health care, many small businesses are vehemently opposed to the idea of requiring employers to help pay for their workers’ medical coverage.
But at least one small-business group says the proposals now being considered by the Obama administration and Senate leaders could save small companies tens of billions of dollars a year in health care costs — even if there is a mandate for employer coverage.
An analysis by the group, the nonprofit Small Business Majority, to be released Thursday, concludes that the changes would be better for small employers than continuing the current system, which leaves many of those businesses struggling to afford health benefits for their workers. Half of companies with nine or fewer workers do not currently provide employee coverage.
“Small businesses want to be part of the system,” said John Arensmeyer, the group’s chief executive. “They don’t want to shirk their responsibilities.” But “we need comprehensive reform,” he added. “The entire system needs to be fixed.”
Small businesses would save in two major ways, Mr. Gruber said. Because small companies traditionally pay much more than large corporations for the same coverage for an employee, they would benefit from proposals streamlining the purchase of insurance and lowering the administrative expenses associated with the policies. The companies, he said, would also benefit from the success of any legislative efforts to contain the rapidly escalating cost of health care.
Over all, the study estimates that the proposals under debate could save small businesses anywhere from $546 billion to $855 billion over the next decade.
If nothing is done, on the other hand, the study says the health care bill for small businesses — estimated at $156 billion this year — would more than double, to $339 billion in 2018.
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