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The cost of insurance has risen for everyone. The prices may be ridiculous for everyone.
But they are much more ridiculous, significantly so, for small business. Nothing you say will get me believing any different as I personally have the responsibility with dealing with this stuff.
Small Business Health Insurance - Brief Analysis #642
States and Small Business Health Insurance, 2009
Finding small business health insurance
I could find tons more articles. Not anywhere was I able to find any article stating that costs for small business and large ones are the same. Not one. Nor, could I find anything saying the disparity was insignificant. There may be some variation in how severe the problem is state to state as some states are working hard to find solutions however it is a nation wide problem from cost to cost for small businesses.
But they are much more ridiculous, significantly so, for small business. Nothing you say will get me believing any different as I personally have the responsibility with dealing with this stuff.
Insurance premiums for small businesses are 18 percent greater than those paid by large companies.
Why Costs Are Higher for Small Businesses. Costs are higher for small-group insurance because states require small-group health policies to cover certain conditions, treatments and providers. Large employers often self-insure. Their plans are governed by federal law rather than state regulations, and federal government mandates fewer benefits. Small group premiums vary widely by state, and the highest premiums are in the most heavily regulated states [see the figure].
Small Business Health Insurance - Brief Analysis #642
Small businesses often pay more for employee health benefits because they don't have the buying power of big employers. As both workers and small employers feel the financial squeeze, fewer are able to afford to offer, or purchase, health insurance coverage.
States and Small Business Health Insurance, 2009
"For our very small businesses, it's probably the most challenging circumstance under which people buy insurance," says Kim Holland, an executive committee member of the National Association of Insurance Commissioners and state insurance commissioner for Oklahoma.
In fact, most of the nation's uninsured are small-business employees or their families, Holland says.
While 99 percent of large companies offer health benefits, the number falls to 49 percent for companies with three to nine employees, according to a 2008 survey by the Kaiser Family Foundation and the Health Research & Educational Trust.
That's no surprise when you look at the numbers. According to the National Federation of Independent Business, health premiums for small business plans have doubled in the last eight years. And for smaller companies, those dollars comprise a larger share of their revenues. On top of that, small businesses pay an average of 20 percent more for their health insurance, says Amanda Austin, senior manager of legislative affairs with the NFIB.
Finding small business health insurance
I could find tons more articles. Not anywhere was I able to find any article stating that costs for small business and large ones are the same. Not one. Nor, could I find anything saying the disparity was insignificant. There may be some variation in how severe the problem is state to state as some states are working hard to find solutions however it is a nation wide problem from cost to cost for small businesses.