Obamacare has been a boon to the nation’s insurance companies, expanding the number of Americans with coverage, but small businesses are “getting crushed” by soaring health costs tied to the controversial law, a leading U.S. health policy and insurance consultant says.
Russ Carpel, CEO of the healthcare consultant company Level Funded Health, tells Newsmax TV’s Newsmax Now that the Affordable Care Act has driven up insurance costs for employers dramatically since its passage in 2010 — expenditures that are hitting small businesses particularly hard.
“What we're seeing is health insurance premiums skyrocket anywhere from 20-200 percent year over year on these traditional small group health insurance coverage plans that these small businesses are in today,” says Carpel, whose company was created to help businesses navigate new benefits mandated under Obamacare.
“The ACA was enacted, the health insurance carriers were afraid they were going to be on the menu and said ‘Let's get to the table, let's get to Washington, let's work with the president,’ and therefore companies who dominate the market share in this arena and this sector are seeing record profits,” Carpel notes.
“They've figured it out and the small business didn't. Unfortunately, they're getting crushed.”
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
"Let's get to the table, let's get to Washington...." and start throwing MONEY around. That's how this travesty was passed and is STILL in place, despite the promises made by your "guy" and the rest of the so called Republicans.
They all got richer. "We, the people" got schlonged.
Wonder why Trump is so popular?
Single payer sounds better all the time.
Post a Comment