NASE on Micro-Business

Posts Tagged ‘health tax credits

Every time we ask the self-employed to tell us what’s on their mind, they don’t disappoint. This week, I’ve been knee-deep in efforts surrounding the recent release of our survey on the health reform perspectives of the self-employed.

Here are some cool tidbits I learned from the results (print version):

  • The self-employed are following the health care debate like hawks. When asked how many had heard the term “public option” in relation to discussions surrounding reform, two-thirds indicated they were familiar with the term, and of those, 71 percent identified it correctly as “a health insurance program run by the government and open to anyone in need of health coverage.”
  • The top two health tax proposals favored by micro-businesses are providing tax credits to businesses and the self-employed to offset health care costs and reforming the tax treatment of health coverage so that, regardless of whether health insurance is purchased individually or accessed through an employer, the worker receives the same tax benefits.
  • The majority of respondents were neutral on a recent suggestion of a cap on the employer exclusion. However, there were quite a few who strongly opposed such a cap.

The above figures are cool – in the Public Affairs department, we LOVE having stats to pass along to media – but I always enjoyed being able to wade through individual responses. Our response system is completely anonymous, and even though I can’t “put a face” to each comment, reading them always gives me a better understanding of what people out in the “real world” are thinking. Many survey respondents gave specific comments on the public option, mandates and other issues impacting the health care reform conversation. Here are just a few examples:

I do not think the government should become an insurer. I do think the government should regulate private insurers more.

I do not agree with the government mandating how businesses should run. They have been unsuccessful with their own budgets. What qualifies them to stipulate this to successful businesses?

Employers should not provide coverage. Let individuals subscribe to whatever plan they want and let employees take home money to purchase insurance instead of the employer purchasing for it for them. Individual needs are different.

I do not think the government should be able to pick and choose the businesses that are required to carry health insurance for their workers.

I would prefer that the government not be involved in providing my health care. However, I also cannot continue to provide health insurance on my own through private insurers if they continue to increase premiums at the current rate. If I could not afford private insurance, I would hope that there would be some other option rather than no insurance. If that is a government policy, then so be it.

NASE Members: Do you have a comment to add about health reform or any of the topics mentioned above? I’d love to hear from you. Just leave a note below, drop us a line on Twitter (@NASEtweets or @koberlander) or visit our Facebook sites (Group and Fan pages) to weigh in.

Advertisements

Here are some of the top small business articles and blog posts of the week so far:

·         You\’ve finally settled up with Uncle Sam. So what should you do with the extra cash? (CNN Money)

·         Obama Seeks To Root Out Credit Card Issuer Abuses (WaPo)

·         GM Plans Major Summer Shutdown (CNN Money)

·         Will Obama Blow It With Small Businesses? (The Journal Blog)

·         105 Absolutely Free Online Videos and Lectures (SmallBizBee)

·         New Health-Care Rule for Laid-Off Workers Hits Small Businesses (Ind Street)

The House Committee on Small Business recently held a hearing on health care reform proposals and their effect on small businesses.  Among a panel of witnesses was the NASE’s own Senior Health Advisor, Mike Beene. 

Beene testified that many of the self-employed are scaling back health coverage or dropping coverage completely in order to keep their business open or pay for basic needs like their home and utilities. 

24-hsbc-mike-beene-testimony-0051

Even though he was battling a cold, Mike made sure that the Committee heard the NASE’s recommendations on how to make health care more affordable for micro-businesses.  The NASE’s proposals for increasing affordability included: a self-employment tax deduction on health insurance, allowing access to Health Reimbursement Arrangements (HRAs) for the self-employed, and the introduction of health tax credits. 

To watch Mike’s testimony before the Committee, click here.
Read the NASE’s press release on Mike’s testimony here.


Connect with NASE

NASEtweets on Twitter    NASE Facebook Group      NASE LinkedIn Group      NASEview YouTube Channel

     

http://www.nase.org/

Daily Reads

RSS NASE tweets!

  • An error has occurred; the feed is probably down. Try again later.
Featured in Alltop
October 2017
M T W T F S S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031