"Health Insurance Blog" - 1 new article

The government option for health insurance has its pros and cons, but businesses are noticing that private health insurance could be the better choice.  The article by Jamie L. Brockway, “Business Owners See Value of Private Health Plans Over Government Option” on ifawebnews.com talks about what challenges business owners face as they make this decision.

Most independent business owners are not planning on purchasing health insurance from the government and a big part of this is because of their disagreement over health care reform in general.  About 88% of business owners do not think it’s right for the government to require health insurance coverage under the Patient Protection and Affordable Care Act (PPACA), based on a survey by the Small Business Authority.  The survey concluded that 91% of business owners have no plan to buy health insurance from the government, but rather remain in the private sector.

Barry Sloane, chairman, president and CEO of the Small Business Authority, a national business service company, believes this may be in part due to their belief that the government will not eliminate the private sector and there will be sufficient health insurance options for small businesses.  Sloane points out that 9% of business owners plan on buying the government insurance because they believe it will take over the private sector.  The survey, which was based on a poll of 1000 independent business owners, also shows that about 53% of participants believe the cost of major medical insurance quotes is to increase over the next two years.

Written by Sam Tabes

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