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President Signs Health Reform Bill that Aids Small Business
Date:3/23/2010

sinesses. Additionally, provisions I called for that were included in this bill will better target the programs within the bill to reach small businesses, ensuring that the health insurance process is more accessible and user-friendly so small business owners can get back to what they do best -- running their businesses. Together, these responsible reform measures will help small businesses to grow, create jobs, compete in the global market, and lead our nation back to economic prosperity.

"I look forward to working with my colleagues in the Senate to make small improvements to this bill."

The bill includes:

  • INSURANCE EXCHANGES: Under the Senate health reform bill, states may immediately create insurance exchanges -- and must create them by 2014 -- to pool small businesses with up to 100 employees, or up to 50 at state option, together to spread risk. These exchanges could, in some cases, reduce administrative costs by as much as 22 percent, according to a recent Business Roundtable Report. For America's 22 million self-employed -- who have seen their premiums rise 74 percent since 2001 -- exchanges where individuals can purchase insurance could reduce their coverage costs by about 30 percent, according to MIT economis
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SOURCE U.S. Senate Committee on Small Business & Entrepreneurship
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