Navigation Links
Senate Health Bill Remains a High-Cost Minefield for Small Business
Date:12/21/2009

WASHINGTON, Dec. 21 /PRNewswire-USNewswire/ -- The Small Business & Entrepreneurship Council (SBE Council) said the latest version of the Senate health care bill continues to ignore the plight of U.S. small businesses, and instead burdens them with additional taxes and regulations that will drive business costs higher.

"Rather than moving in a direction that heeds the concerns of small business, the Senate health bill imposes an even higher tax burden on our sector while retaining other tax, regulatory and compliance measures that will drive business and health coverage costs higher," said SBE Council President & CEO Karen Kerrigan.

According to SBE Council, the "manager's amendment" put forward by Senate Majority Leader Harry Reid raises the Medicare payroll tax higher (from 0.5 percent to 0.9 percent), and exposes small businesses in the construction industry to a punishing employer mandate that will cripple this already hurting sector. The bill singles out the construction industry by not exempting businesses in this sector from the "play-or-pay" employer mandate that other firms with 50 or fewer employees are exempt from (although it does exempt construction firms with five employees or less). The latest Reid bill also increases the individual mandate penalty/tax, which will hit the self-employed, and maintains an array of other tax hikes and regulatory requirements that will drive up the cost of health coverage for small business.

Kerrigan said changes to the tax credits aimed toward helping small business are too insignificant to outweigh the cumulative cost load of the overall bill.

"The changes that were added to mollify small business concerns are too minuscule and complex," said Kerrigan.

SBE Council has urged the Senate to start the legislative process over, and include small business reforms within the core bill. The group has long advocated a national marketplace for health care, robust tax incentives for businesses and individuals, the expansion of health savings accounts, tax parity for the self-employed, medical liability reform as well as support for local and state programs that are helping to deliver health care and insurance to those who lack access. Such market reforms and tax incentives will do far more to cover the uninsured -- and at far less cost to taxpayers -- than the $2.5 trillion Reid bill, according to SBE Council.

SBE Council is a nonprofit, nonpartisan advocacy organization dedicated to protecting small business and promoting entrepreneurship. For more information, please visit www.sbecouncil.org.

CONTACT: Mabel Vaught, mvaught@sbecouncil.org, (703)-242-5840

SOURCE Small Business & Entrepreneurship Council


'/>"/>
SOURCE Small Business & Entrepreneurship Council
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Senate Health Care Package Is a Step in Right Direction, Does Not Go Far Enough on Access
2. AMA Announces Support for Passage of Senate Health Reform Bill
3. Center to Advance Palliative Care Director and MacArthur Recipient, Diane E. Meier, MD, Accepts Fellowship Post With Senate HELP Committee
4. Cinergy Health Commentary on Senate Healthcare Vote
5. AARP Applauds Senate for Moving Health Care Reform Forward
6. AARP Maryland Applauds Senate for Moving Health Care Reform Forward
7. Anthem Blue Cross and Blue Shield In Missouri Urges Missouri Senators Claire McCaskill and Christopher S. Bond to Not Support the Current Senate Health Care Reform Legislation
8. Left/Right Healthcare Virtual Vigil Tonight at 9 PM Until Senate Votes; Broad Coalition Says Punishes Some States, Windfall for Insurance Companies
9. Half-Million Doctors Beg Senate to Kill the Bill - Virtual News Conference by Coalition of More Than 40 Medical Groups Sunday, 2 pm EST; Sweetheart Deals Punish Patients in Other States
10. AHIP Statement On Senate Health Care Reform Legislation
11. Americans United for Life Action: Senate Health Care Bill Absolutely Fails To Meet Abortion and Life Protections.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... ... 2017 , ... "TransFlare 4K Mystique comes with 44 colorful mysterious transitions that ... Christina Austin - CEO of Pixel Film Studios. , TransFlare 4K Mystique contains ... lens flare and light leak transitions have a very high-dynamic range for super smooth ...
(Date:1/20/2017)... ... January 20, 2017 , ... “The Angel”: a ... has set out for each of his children. “The Angel” is the creation of ... Music in New York City, and impassioned writer. , When asked of her new ...
(Date:1/20/2017)... ... January 20, 2017 , ... D R Burton Healthcare Products ... was featured in a study indicating superior performance against competitive products in secretion ... Three Oscillating Positive Expiratory Pressure Devices During Simulated Breathing“ was published in the ...
(Date:1/20/2017)... ... 2017 , ... “Knowledge is God’s Lighthouse”: a moving and colorful collection ... is the creation of published author, Gene Gaapf, a retired truck driver, and a ... have been writing since high school and have many different titles,” Gaapf mentions about ...
(Date:1/19/2017)... ... 2017 , ... Today, the Centers for Medicare & Medicaid Services (CMS) announced ... Models (APMs) in 2017. Clinicians who participate in APMs are paid for the quality ... the Administration’s effort to build a system that delivers better care and one in ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... , Jan. 19, 2017  Abaxis, Inc. (NasdaqGS: ... point-of-care blood analysis instruments and consumables for the medical ... to discuss its financial results for the third quarter ... will be at 4:15 p.m. ET on Thursday, January ... the third quarter fiscal year 2017 after the market ...
(Date:1/19/2017)... , Jan. 19, 2017  Sensus Healthcare, ... device company specializing in the treatment of non-melanoma ... keloids, with superficial radiation therapy, today announced that ... year 2016 financial results on Thursday, February 2, 2017 ... will hold a conference call with the investment ...
(Date:1/19/2017)... Shire plc (LSE: SHP, NASDAQ: ... and Drug Administration (FDA) has acknowledged receipt of the ... for SHP465, a long-acting, triple-bead, mixed amphetamine salts formulation. ... for Attention-Deficit/Hyperactivity Disorder (ADHD). The FDA is expected to ... the designated Prescription Drug User Fee Act (PDUFA) action ...
Breaking Medicine Technology: