Immediately release
Concord, NH (March 10, 2025) – that National Independent Business Federation (NFIB)New Hampshire’s Best Small Business Advocacy Association has published a new health management policy titled “Resolution of the Health Insurance Economy 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. John Reynolds, NFIB New Hampshire State Director. “The ability to provide Employ Health Insurance is important for recruiting and maintaining workers, but this benefit is getting farther away to many small employers. The first step that New Hampshire members can take is to worsen the problem by adding new orders and regulations that increase the cost of coverage. ”
Main results of the report:
- The small group market has declined, with a 44% decrease from 15 million in 2014 to 8.5 million in 2023.
- 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 still decreased 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 pay twice as much as health insurance than large companies, and companies with sales of less than $ 600,000 spend almost 12%of their benefits compared to 7%of more than $ 2.4 million.
NFIB New Hampshire Health Care Priority:
- Flexible. Small business owners work with employees and medical companies to make the best functions without sadging the individual and small group markets with additional orders and regulations.
- Balance access and cost. NFIB NH supported SB 256 (SEN. Tim McGough) and proposed to reduce wasteful practices and protect higher costs for one of the most expensive prescriptions (clinical drugs), while proposing them so that patients can approach fatal drugs.
- Support new paths. Lawmakers should seek new ways to help small employers offer individual guaranteed health repayment contracts (ICHRA) and make it easier to organize multiple employer welfare contracts (MEWAS) and association health plans (AHP).
Here, take a look at the “Health Insurance Economic Federation Resolution for Small Business”.
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NFIB has advocated in place of US small and independent employers in both Washington DC and 50 states. NFIB is a non -profit organization, a non -party and a member. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and it still remains today. For more information, visit nfib.com.
