How will small businesses fare under the new health care reform law and upcoming regulations? Is the small-business tax credit enough of an incentive to entice them to begin offering insurance to their workers? Will the 2016 sunset of the credit keep small businesses from jumping in?
Small businesses worry that their costs will increase because of the law's insurance tax and because there will be new requirements for what benefits must be included in health plans. Small businesses will also be prohibited from offering health plans with deductibles higher than $2,000.
Are small-business concerns valid? Are the incentives enough -- and the disincentives small enough -- to get many of them to begin offering coverage to workers?