24 Apr Guest Opinion: Health care law helps small businesses
For years, we had a health insurance market that was broken for small businesses. Because they had less bargaining power, small businesses paid an average of 18 percent more for the same health insurance plan offered to the bigger business down the street, and their premiums could skyrocket if a single employee got sick. That made it hard for many small business owners to keep offering coverage and grow their businesses.
But because of the Affordable Care Act, Florida’s small businesses and their employees are getting better choices, starting with new protections that limit the outrageous rate hikes many small business owners faced in the past.
Beginning in 2014, Florida’s small business owners will have access to a new Health Insurance Marketplace—which opens for enrollment on Oct. 1—that will allow them to make side-by-side comparisons to find a plan that fits their budget and that’s right for their businesses and employees.