New Healthcare plans Will Lower Costs for Small Businesses

small_business_owner

The Secretary of Labor told Fox News that the administration's new health insurance rule will allow small businesses to negotiate lower cost plans.

Large companies have many advantages; they have bargaining power and actually have fewer regulations than the small businesses.

The Association Health Plans (AHPs) announced by the administration allow trade and professional associations to offer health care that can be tailored to small businesses' needs.

All of the groups and associations can form a trust or, within themselves, negotiate for healthcare.Putting money in investments while still making debt payments can feel like whack-a-mole, but diligence to a strict budget and picking the right financial holdings may help small businesses see significant return.

The Congressional Budget Office estimates that four million Americans will receive coverage through AHP plans, saving them thousands of dollars; it also empowers small businesses to get better deals since they can negotiate healthcare in a way that individual small businesses simply cannot.

Source: Fox News 

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Monday, 16 July 2018