that National Independent Business Federation (NFIB)Indiana’s major small business advocacy organizations have published a new health care policy.Solving health insurance crisis for small businesses. ” The findings show the prognosis of the small group insurance market as the health insurance benefits provided by employers to millions of small businesses and employees become impossible.
“Health insurance costs have been the biggest concern for small business owners for almost 40 years and have no signs of improvement.” Natalie Robinson, NFIB Indiana Director. “Small business owners must make difficult choices for business and employees due to the rapid cost and the collapse of the small group market. Indiana lawmakers have the opportunity to support the Business Health Insurance Law, which can help small employers immediately in this session. ”
Main results of the report:
• The small market is in free fall, and in 2014, the registration plummeted from 15 million to 8.5 million in 2023, down 44%.
• The average premium for small businesses has soared. Over the past 20 years, the average single plan premium has increased by 120%, while the average family planning premium has increased 129% for companies with less than 50 employees.
• Only 30%of small businesses still offer health insurance, which has declined at almost 50%in 2000.
• 98 %of small businesses said they are concerned about whether they can continue to provide health insurance for the next five years.
• Small companies have doubled their health insurance than large corporations, and companies with less than $ 600,000 have paid nearly 12%of their benefits, compared to $ 2.4 million compared to $ 2.4 million over $ 2.4 million.
Indiana legislative recommendations are as follows.
• HB 1003 -Health Problem. The bill is a top priority for NFIB members and testified that NFIB’s Natalie Robinson supports this bill. HB 1003 reforms the pre -approval process to reduce the cost of health care for small businesses, announce prescription drugs, provide additional strengths in price transparency, deal with on -site neutral prices, and prohibit all contracts.
• HB 1004 -Nonprofit Hospital. This legislation will limit the contents of the community benefits of a specific non -profit hospital and investigate the services that the non -profit hospital claims for the service compared to the Medicare repayment rate. NFIB supports HB 1004, bringing too much reform of hospital costs.
• HB 1604-Self-Defense Cost Credit Credit. This bill is a payment of medical services that are carefully necessary for medical services for medical services and medical services for medical services for guaranteed individuals if the claim for medical services is not submitted to a health plan. NFIB testified with the support of HB 1604.
Other law NFIB is as follows: SB 3Trust obligations of health planning management, SB 118-340b Drug program report, SB 119 -Public advantage certificate SB 147 Request and repayment rate of doctors.
“View Health Insurance Economic Feasibility for Small Businesses” View ” here.
