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

t Jonathan Gruber.
  • MARKET REFORMS: Insurance companies will not be allowed to deny or rescind coverage based on preexisting conditions or health status. The bill also has no employer mandate. Instead, it has a shared responsibility provision for businesses with more than 50 employees. A vast majority of small businesses are exempt from this provision.
  • SMALL BUSINESS TAX CREDIT: Beginning in 2010, a tax credit will be available for small employers with 25 or fewer employees with average annual wages less than $50,000. The full credit will be available to employers with 10 or fewer full-time employees with annual wages averaging $25,000 or less. In 2014, once the exchanges are up and running, small businesses that participate in the exchange will receive a tax credit for two years.

    • To read more about the small business provisions Sen. Landrieu championed, please click here.

    SOURCE U.S. Senate Committee on Small Business & Entrepreneurship


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    SOURCE U.S. Senate Committee on Small Business & Entrepreneurship
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