Congress must stabilize the ACA to stabilize small businesses

The Hill

It is undeniable that assaults on the Affordable Care Act (ACA) will soon lead to massive spikes in health-care premiums, an outcome that will devastate America’s small businesses.

A recent analysis by California’s ACA marketplace, Covered California, estimates premiums would increase anywhere from 35 to 94 percent over the next three years mainly because Congress chose to eliminate the ACA’s individual mandate.

When these forecasts come true, it will be particularly harmful for small firms and self-employed business owners. After all, more than 3.7 million small-business employees are enrolled in the ACA marketplaces, and more than six in 10 ACA marketplace enrollees are small-business owners, self-employed or small-business employees.

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