Small business owners and entrepreneurs are being stifled—and having their livelihoods threatened—by skyrocketing health insurance premiums, rapidly increasing deductibles, and growing out-of-pocket medical costs.
This climate discourages entrepreneurs from starting new ventures and prevents existing businesses from expanding health benefits to their employees, despite the booming economy. The current economic conditions have created historic levels of opportunity for entrepreneurs and small businesses. By removing the burden caused by rising health insurance costs, states can empower entrepreneurs to take advantage of the opportunity before them.