Two Major Reports Highlight How Republican Calls to Repeal Health Reform Would Harm Small Businesses
Congressional Desk
September 03, 2010
WASHINGTON – Rep. Pete Stark (D-CA), Chairman of the House Ways and Means Health Subcommittee, commented on two reports that show how health reform helps small businesses and makes workers' health insurance more secure.
Chairman Stark: "Opponents of health reform use repeal as a campaign slogan but don't talk about the negative repercussions. These two studies show that workers will benefit from the small business tax credits and the creation of health insurance Exchanges that will make the marketplace more competitive. Republican efforts to repeal health reform would hurt small businesses and endanger workers' employer-sponsored health insurance."
A new study done by the Rand Corporation, and published in the New England Journal of Medicine, detailed the effects of health reform on employer-sponsored insurance:
The number of workers with access to health insurance through their jobs will increase, from 84.6 percent to 94.6 percent. That's 13.6 million additional workers.
Post health reform, 85.9 percent of workers in small businesses will be offered health coverage through their jobs – that's up from 60.4 percent today.
Another study done by the Commonwealth Fund focuses on the effect of the small business tax credit. This tax credit is available now for small businesses that provide health insurance to their workers.
16.6 million small business employees work in firms that will be eligible for the small business tax credits over the next three years.
By 2013, 3.4 million workers in firms that take up the tax credit will have more secure coverage as a result.
By 2016, premiums for small business will be reduced by 8 to 11 percent.
Chairman Stark: "Opponents of health reform use repeal as a campaign slogan but don't talk about the negative repercussions. These two studies show that workers will benefit from the small business tax credits and the creation of health insurance Exchanges that will make the marketplace more competitive. Republican efforts to repeal health reform would hurt small businesses and endanger workers' employer-sponsored health insurance."
A new study done by the Rand Corporation, and published in the New England Journal of Medicine, detailed the effects of health reform on employer-sponsored insurance:
The number of workers with access to health insurance through their jobs will increase, from 84.6 percent to 94.6 percent. That's 13.6 million additional workers.
Post health reform, 85.9 percent of workers in small businesses will be offered health coverage through their jobs – that's up from 60.4 percent today.
Another study done by the Commonwealth Fund focuses on the effect of the small business tax credit. This tax credit is available now for small businesses that provide health insurance to their workers.
16.6 million small business employees work in firms that will be eligible for the small business tax credits over the next three years.
By 2013, 3.4 million workers in firms that take up the tax credit will have more secure coverage as a result.
By 2016, premiums for small business will be reduced by 8 to 11 percent.
Print
Email
