U.S. Supreme Court to Rule on Health Care: What Impact Will it have on Your Business?
Last week the U.S. Supreme Court upheld the health care reform bill signed by President Barack Obama back in 2010, The Patient Protection and Affordable Care Act.
The Supreme Court case focused primarily on the measure’s requirement that most Americans buy health insurance or pay a fine. But what does this mean for you, and your business?
The 2010 Affordable Care Act includes everything from a different way to shop for insurance to a tax credit that rewards employers for insuring workers.
For now though, if you’re not offering insurance already, following the news is very important. Especially focus on the developments of the Small Business Health Options Program (SHOP) exchanges in your state that are required to be established by 2014. The Small Business Heath Options Program – a form of Health Insurance Exchange is based on the pooling idea. Under the new Small Business Heath Options Program small businesses will be able to pool together to purchase insurance.
Business owners from around the country will be waiting and watching for the states’ reactions to the measure that is supposed to be fully implemented by 2014. Your friends at Sharpchip look forward to keeping you informed on the impact it will have on you.
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