Item of Interest
Last week, more than 35 small business owners from WIT & Co., descended on Capitol Hill to meet with their elected leaders on issues important to our industry and small businesses. One of those issues is a little-known item tucked deep inside the Affordable Care Act. The provision will redefine what qualifies as a small business and in 2016 will be defining businesses with 51-100 employees as a small business, as it pertains to healthcare. What that means is those companies that today can purchase insurance in the "large group" market, where more options and flexibility exist, will be redefined and will have to purchase their insurance through the "small group" market.
Legislation that members of WIT and ASA have pushed Congress to take up, will be taken up on Wednesday. It would continue allowing the states to define small businesses as they see fit, since they're more aware of the health insurance market in their states. We're told that H.R. 1624 will be taken up on the
this week, a process meaning that the legislation cannot be amended on the floor, and requires passage with a two-thirds majority vote for passage. This is only done for legislation that has wide support from both sides of the aisle and is noncontroversial. See our efforts
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