WASHINGTON – Slightly less than half of 750 small businesses recently surveyed by the National Federation of Independent Business offer health insurance to their employees, but 91% of the business owners have health insurance for themselves. Why the disparity? The number one reason cited was the high cost of health insurance. Michael Morrisey, a professor at the University of Alabama at Birmingham and the author of the NFIB's study said small business employers have always been particularly vulnerable to health insurance premium increases, and few of them have the human resources to thoroughly investigate the coverage options available to them. NFIB has made legislation allowing national trade associations to sell health plans that are exempt from state coverage mandates, its top priority in Congress. A bill passed the House but stalled in the Senate. -

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.