Health Care Reform and Small Businesses

Health Care Reform and Small Businesses

A report published from the Kaiser Family Foundation found that small businesses( a business that is categorize as employing 50 or less employees) are significantly less likely to offer health insurance to their employees. The number of small businesses that provide health care is calculated at 57% compared to their medium counter parts (51-100 employees), which offer health insurance to employees at a rate of 92%,. Finally larger companies with more than 100 employees, will offer health insurance at 97%. The Affordable Care Act aims to reduce the number of individuals that do not have health insurance that are employed or unemployed. It does this through the various mandates placed upon individuals and business owners.somatodrol cena

With the election of president Obama it has become widely accepted that Health Care Reform is here to stay. Health Care Reform the name often used to refer to the Affordable Care and Patient Protection Act has many provisions that will be rolled out over the next 10 years. The law went into effect on March 23, 2010 and will be fully implemented by 2020. Due to the magnitude of the law and the impact the overhaul will have on everyone in the United States, many families and small business are often left confused as to how the law will impact them. Many businesses are taking drastic actions, latest actions include; businesses and even government offices cutting the hours of employees to eliminate the need to provide health care.anabolic rx24

The Health Care Reform categorizes businesses who provide health plans and those that provide health care plans, and Those that do not. The rules vary differently for each one, and starting in January 2014 some small businesses will be required to cover employees or pay a Health Insurance Penalty.drivelan