Navigation Links
Health Care Reform Helps Small Businesses Offer Coverage: Report
Date:9/2/2010

e Affordable Care Act, the Congressional Budget Office estimates these tax credits could provide as much as $40 billion in support to small businesses over the next 10 years, reducing health insurance premiums by 8 percent to 11 percent by 2016, the report says.

More savings will be seen by 2020 through provisions that reduce administrative spending and increase competition among insurers participating in state and federal insurance exchanges, Davis said.

To qualify for the tax credits, eligible employers must pay at least 50 percent of their employees' health insurance premiums, according to the report. The credits are determined by the size and average wage paid by the company.

The tax credits will increase to 50 percent of the premium contributions in 2014, but they are limited to two years. Tax-exempt groups are also eligible for the tax credits, but at a lower rate, according to the report.

In addition to the tax credits, several other of the act's provisions going into effect this year will benefit small businesses and their employees:

  • Limits on administrative costs. Starting this year, health plans will have to report the amount of premiums not spent on health care. In 2011, plans insuring small businesses and individuals will have to limit spending on administrative costs to not more than 20 percent of premiums. Plans that spend more will have to give rebates to enrollees.
  • The act also requires state and federal governments to review any increase in premiums, which could also keep costs low.
  • In 2014, small businesses will be able to insure their employees through state health insurance exchanges, which pool members in programs to lower costs. All plans will limit out-of-pocket costs to $5,950 for a single person and $11,900 for a family. Deductibles for small businesses can be no larger than $2,000 for a single person or $4,000 for a family.
  • All plans sold in exchanges will have to provide a sta
    '/>"/>

Copyright©2010 ScoutNews,LLC.
All rights reserved  

Page: 1 2 3 4

Related medicine news :

1. EMAS publishes position statements about the post-reproductive health of women
2. Medicinal cannabis review highlights dilemmas facing health care professionals
3. Health advice from pharmacists saves hundreds of millions of euros
4. Nations leading ID experts call for mandatory flu vaccine for all health-care personnel
5. Combining resistance and endurance training best for heart health
6. Health IT program at the University of Texas at Austin receives $2.7 million in federal funding
7. Victimized children involved with disasters more likely to have mental health issues
8. US hospitals making only modest gains in adoption of electronic health records
9. 2002 Oil Spill May Shed Light on Health Problems for Deepwater Workers
10. Mothers abused by partners see decline in mental health even after relationship ends
11. Will cardiovascular disease prevention widen health inequalities?
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Health Care Reform Helps Small Businesses Offer Coverage: Report
(Date:8/1/2014)... at the University of California, San Diego School of ... in chili peppers produces chronic activation of a ... a reaction that ultimately reduces the risk of colorectal ... 1, 2014 issue of The Journal of Clinical ... TRPV1, was originally discovered in sensory neurons, where it ...
(Date:8/1/2014)... in regulating appetite and whole-body metabolism. A protein known ... food intake and body weight, but the identity of ... A new study in the Journal of ... type of neuron known as pro-opiomelanocortin (POMC) neurons is ... Sabrina Diano and colleagues at Yale University School of ...
(Date:8/1/2014)... Barbara Bronson Gray HealthDay Reporter ... obese and work in manufacturing jobs may have significantly less endurance ... a study of 32 people -- half were obese, half were ... times that were about 60 percent longer. Obesity also was ... Being older -- 50 to 65 years of ...
(Date:8/1/2014)... 1, 2014 (HealthDay News) -- The U.S. Food and ... new drug, Jardiance, to help fight type 2 diabetes. ... added to existing treatment regimens to control blood sugar ... Rosebraugh, director of the Office of Drug Evaluation II ... said in an agency statement. The FDA also ...
(Date:8/1/2014)... study, researchers at University Hospitals Rainbow Babies & Children,s ... at greater risk for death on a commercial airline ... worldwide between January 2010 and June 2013 and found ... age of 2. , The study was conducted ... of an in-flight pediatric fatality onboard commercial airline flights ...
Breaking Medicine News(10 mins):Health News:Pepper and halt: Spicy chemical may inhibit gut tumors 2Health News:Obesity Might Slow You Down at Work 2Health News:Obesity Might Slow You Down at Work 3Health News:FDA Approves New Type 2 Diabetes Drug 2Health News:New research characterizes in-flight pediatric deaths 2
... and areas for improvement in reform proposals for small businesses ... on Small Business and Entrepreneurship Chair Mary Landrieu, D-La., and ... to better understand the needs of small businesses in health ... those needs. , "We are here today to discuss one ...
... , WASHINGTON, Oct. 20 Speaker Nancy Pelosi, House ... Michigan held a press availability this afternoon ... the urgency of health insurance reform for children with pre-existing ... and Jessica Segal of Texas told ...
... benefits patients, study shows , TUESDAY, Oct. 20 (HealthDay ... patients when used up to 4.5 hours after a ... provide further evidence to increase the tPA treatment window ... Previously published findings from the ECASS III study indicated ...
... 20 (HealthDay News) -- In an effort to reduce ... Reproductive Medicine has revised its recommendations on the number ... fertilization procedures. , The society reports that the ... For one, it says that doctors should only use ...
... Body Worlds 2 & The Brain ... October 17, and will be one of many points of ... of scientific treasures. The second-largest medical research and education center ... medical, anatomical and scientific sites--from the nation,s first hospital and ...
... patients in U.S. hospitals fail to get recommended therapy, ... A recommended treatment for heart failure is underused in ... of aldosterone antagonist therapy in patients with heart failure ... failure guidelines established by the American College of ...
Cached Medicine News:Health News:Landrieu, Snowe Champion Small Business Health Care Reform Efforts 2Health News:Pelosi Remarks at Press Availability with Easter Seals on Benefits of Health Reform for Children 2Health News:Pelosi Remarks at Press Availability with Easter Seals on Benefits of Health Reform for Children 3Health News:Stroke Treatment Window May Allow a Bit More Time 2Health News:New IVF Guidelines Aim to Reduce Multiple Births 2Health News:Paging All Science and Medical Mavens: Get To Philadelphia Stat for Body Worlds and Beyond 2Health News:Paging All Science and Medical Mavens: Get To Philadelphia Stat for Body Worlds and Beyond 3Health News:Paging All Science and Medical Mavens: Get To Philadelphia Stat for Body Worlds and Beyond 4Health News:Heart Failure Treatment Underused 2
(Date:7/31/2014)... July 31, 2014  Alexza Pharmaceuticals, Inc. (Nasdaq: ... on its pipeline and new product development efforts. In ... initiate a Phase 2a study of AZ-002 (Staccato ... the management of patients with acute repetitive seizures. ... -based product candidates for development - AZ-008 and ...
(Date:7/31/2014)... -- UBM Medica US announces that Cancer Network ... exclusive slide shows dealing with communication in the oncology ... Cancer Network, the online home ... and podcasts about the latest clinical findings. Among the ... , End-of-life care is challenging for even the most ...
(Date:7/31/2014)... 31, 2014  Decision Resources Group,s experts ... by the Affordable Care Act (ACA), which ... pharmaceutical therapies. The ACA altered how Managed ... regulations and expanded access via government-supported programs. ... exchanges—state-based marketplaces set up by states or ...
Breaking Medicine Technology:Alexza Provides Pipeline Update 2Alexza Provides Pipeline Update 3Alexza Provides Pipeline Update 4Alexza Provides Pipeline Update 5Alexza Provides Pipeline Update 6Cancer Network Highlights Methods Oncologists Can Use to Improve Communication 2Cancer Network Highlights Methods Oncologists Can Use to Improve Communication 3Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 2Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 3Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 4
... Untold Numbers of Consumers Still Left Disabled By Its ... GlaxoSmithKline, the maker of popular denture adhesives Poligrip and Super ... its denture adhesive products.  The pharmaceutical giant has added the potentially ... consuming large quantities of zinc over an extended period of time ...
... , , SHANGHAI , ... WX ), a leading pharmaceutical, biotechnology and medical device R&D outsourcing ... announced that it will release financial results for the fourth quarter of ... 8, 2010 (which will be Tuesday morning, March 9, 2010 ...
Cached Medicine Technology:Leading Denture Cream Litigation Firm Welcomes GSK Announcement of Removal of Zinc From Its Denture Creams 2Leading Denture Cream Litigation Firm Welcomes GSK Announcement of Removal of Zinc From Its Denture Creams 3WuXi PharmaTech Schedules Fourth-Quarter 2009 Earnings Release 2WuXi PharmaTech Schedules Fourth-Quarter 2009 Earnings Release 3
... SG-2002 Stand-Alone Ganzfeld produces ... stimuli, which will elicit ... be amplified and recorded. ... is painted with a ...
... crescent-shaped interbody spacer used to provide anterior ... is available in either titanium or PEEK-OPTIMA, ... TraXis is implanted through a posterolateral approach ... and then curved across the midline to ...
... LKCs Sweep VEP technology is designed for productivity ... in conjunction with doctors from the University of ... over a decade on over 5,000 subjects. All ... be set and stored, or can be preset ...
... ALL-NEW CV-3000 Computerized Vision Tester offers ... and expands the many features of ... demand for delegating the refraction, electronic ... to generate an incredible interest in ...
Medicine Products: