The National Federation of Independent Business (NFIB) has expressed disappointment with the recent final health care rule on short-term health plans which limits health care coverage for small employers. This rule restricts small businesses’ ability to choose health coverage by limiting access to flexible, low-cost, short-term health plans. NFIB had previously submitted comments to the administration opposing this rule.
Small business owners are seeking more affordable, flexible, and predictable options for themselves and their employees, but this rule adds another layer of complexity and red tape. Jeff Brabant, NFIB Vice President of Federal Government Relations, stated that this rule is a step in the wrong direction for small businesses. NFIB is urging the administration to withdraw this rule to better support small employers.
The rising cost of health insurance has been a top concern for NFIB members for over 40 years. A recent survey conducted by NFIB revealed that 56% of small employers currently offer health insurance to employees, while 44% do not. The primary reason cited by small employers for not offering health insurance is the cost, with 65% of respondents stating this as the main factor. Furthermore, 98% of small employers are concerned that the cost of providing health insurance to their employees will become unsustainable in the next five to ten years. This underscores the importance of affordable health care options for small businesses and the need for policies that support their access to such coverage.