Dear Editor: The U.S. Supreme Court’s ruling upholding the Affordable Care Act is a victory for small business owners, who have struggled with the excessively high cost of health insurance for decades. The Affordable Care Act tackles small business owners’ top priorities when it comes to health care reform: cost and accessibility. The law will significantly rein in costs while providing more health coverage options for entrepreneurs.
Our opinion polling has found that small businesses support the law, believe health care reform is needed to fix the economy, and particularly support the health care exchanges and tax credits. Many components of the law, including rate review and the medical loss ratio provision, have already resulted in lower premium costs for small employers.
The law also helps end “job lock,” where a prospective entrepreneur who has a pre-existing medical condition cannot leave their job, launch a new company or help grow the economy because they are locked in their job for health benefits.
The law calls for health insurance exchanges to be set up in 2014 in every state, which will do even more to curb costs and boost choice. State lawmakers who have blocked implementation must now step up to the plate and work with local small businesses to establish these new competitive marketplaces.
The political circus that has surrounded this law for the
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