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:6/25/2016)... ... ... Bruton Memorial Library on June 21 due to a possible lice infestation, as reported by ... lice: the parasite’s ability to live away from a human host, and to infest common ... the event that lice have simply gotten out of control. , As lice are a ...
(Date:6/25/2016)... , ... June 25, 2016 , ... As a lifelong ... Cum Laude and his M.D from the David Geffen School of Medicine at UCLA. ... to Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... Conventional wisdom ... of success. In terms of the latter, setting the bar too high can result ... more than just slow progress toward their goal. , Research from PsychTests.com ...
(Date:6/24/2016)... Marne, Michigan (PRWEB) , ... June 24, 2016 , ... ... awareness about the dangers associated with chronic pain and the benefits of holistic treatments, ... for individuals who are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) ...
(Date:6/24/2016)... MIAMI, Fla. (PRWEB) , ... June 24, 2016 , ... ... Florida Trend magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this ... of Florida. , Seven Greenberg Traurig Shareholders received special honors as members of this ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 Dehaier Medical ... the "Company"), which develops, markets and sells medical devices ... , signed a strategic cooperation agreement with Hongyuan ... "Hongyuan Supply Chain") on June 20, 2016, to develop ... the strategic cooperation agreement, Dehaier will leverage Hongyuan Supply ...
(Date:6/24/2016)... Research and Markets has announced the addition of the ... to their offering. ... World Market for Companion Diagnostics covers the world market for ... report includes the following: , World IVD ... (N. America, EU, ROW), 2015-2020 , World IVD Companion ...
(Date:6/24/2016)... --  Pulmatrix, Inc ., (NASDAQ: PULM ), ... today that it was added to the Russell Microcap ... set of U.S. and global equity indexes on June ... for Pulmatrix," said Chief Executive Officer Robert Clarke ... in developing drugs for crucial unmet medical needs, and ...
Breaking Medicine Technology: