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Many Small Business Owners to Keep Health Coverage

Many small business owners say they intend to keep offering health insurance coverage, even if that requirement under the Affordable Care Act is eliminated...
February 22, 2017

Many small business owners say they intend to keep offering health insurance coverage, even if that requirement under the Affordable Care Act (ACA) is eliminated. The Wall Street Journal reports that some entrepreneurs have realized that the benefit helps them attract and retain workers in a tight labor market, while others say offering health insurance to certain employees has not been the financial strain they feared, partly because fewer workers than expected signed up.

The ACA requires businesses with at least 50 full-time equivalent employees to offer at least a minimum amount of health benefits to full-time workers, or pay a penalty of up to $3,390 a year per employee. Republicans in Congress have proposed eliminating the employer requirement as part of a broader overhaul of the law. To keep insurance costs down, many small-business owners have opted for bare-bones plans that meet government standards

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