Last updated on July 17th, 2023 at 09:43 pm
While warning that a repeal of the ACA would be devastating for small business owners, a small business coalition is urging Republicans not to repeal Obamacare.
Small business owners are warning that the planned Republican repeal of the ACA would lead to a collapse in the insurance market that would leave small businesses scrambling to find health insurance.
“Let’s be clear: rather than focusing on strengthening the coverage, the Republican plan would destroy the insurance market and leave millions of business owners without coverage,” said Amanda Ballantyne, National Director of Main Street Alliance. “Stripping subsidies and removing the individual mandate could lead to the ‘death spiral’ of spiking premiums, dwindling healthy participants, and fewer insurance companies offering coverage. If we don’t fight back, we could witness the near collapse of the private insurance market.”
Small business owners won’t be the only people harmed by the Republican plan. It is estimated that 30 million Americans will lose access to their health care if Republicans repeal the Affordable Care Act.
“Mr. Trump and Republicans leadership in Congress are trying to push through a plan that would eliminate affordable health care for my employees and customers,” said Marilyn Sealy, owner of Wells Rugs Service in Morristown and a member of the Main Street Alliance of New Jersey Steering Committee. Marilyn called and spoke to Representative Rodney Frelinghuysen (R). “That means less money in the pockets of people in my community, and fewer people were buying goods and services from small business owners like myself. It would be a disaster for our state economy.”
Repealing the ACA is viewed as the first step in the Republican plan to privatize Medicare by turning it into a voucher system that will lead to huge out of pocket costs for seniors.
Small business owners don’t need the uncertainty that will come with ACA repeal. While major corporations can survive any changes, going back to the bad old days of health insurance could drive small businesses around the country out of business.
If Republicans really cared about small business owners, they would think twice about their haphazard repeal with no replacement plan for the ACA.
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