"The small-group insurance market is simply not working for small business."
Here's Borris's complete testimony:
Yesterday, the Department of Health and Human Services released The Bottom Line: Health Reform and Small Business. The report's key findings include:
- Nearly one-third of the uninsured — 13 million people — are employees of firms with less than 100 workers.
- In the past two years, more than half of small businesses that offered coverage reported switching to plans with higher out-of-pocket costs in response to rising premiums. Another third switched to a plan that covered fewer services, and 12 percent dropped coverage entirely.
- Among small businesses that offer coverage, 40 percent report spending more than 10 percent of their payroll on health care costs.