Home | TrendTracker | PowerBlog Reviews | The Experts | Newsletter
SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market.
Anita Campbell, Editor
Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more)
email me
free business magazines
Trade publications FREE to qualified professionals. No hidden offers and no purchase necessary.
On Wall Street
The Deal
Computing Canada
Employee Benefit
Oracle Magazine
100+ additional titles. Click to browse.
Previous Small Business Trends articles can be found at the links below:
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
Or, use the search box below to find a
specific post:

Sign up for our FREE Small Business Trends newsletter. (View Current)

We publish regularly and promise we won't share your email address with anyone. (Privacy Policy)
* Don’t have time to read several dozen blogs a day? Pick two or three. Your brain will thank you for it.

Small Business Trends Radio
Tuesdays, 1:00 PM Eastern U.S. time
on Voice America network
Click to listen

November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details.
Tuesday, April 06, 2004
More on Health Insurance
Last week I wrote about the difficulty of very small U.S. businesses (2 to 5 employees) getting health insurance.

Well, now, Medpundit offers additional insights in a longer article over at Tech Central Station.

According to U.S. Census figures, 15.2% of the U.S. population lacks health insurance coverage. That's 43.6 million people.

And according to figures published by the National Federation of Independent Businesses (NFIB), over 50% of the uninsured are employed by a small business.

Health insurance coverage for small businesses is a very different issue than for large businesses. As Medpundit points out, large businesses can self-insure and have ways to spread out the cost of coverage that small businesses do not. For instance, small businesses are subject to a variety of state laws and regulations which limit what they can do and where they can seek health insurance policies to cover employees. Medpundit goes on:

    "So, when you hear that a state requires all insurance companies to cover infertility treatments or acupuncture, it isn't the deep pockets of Microsoft or the Ford Motor Company that's paying for it. It's the self-employed small businesses, and their employees who foot the bill. That's why workers in small businesses nationwide pay on average seventeen percent more for health insurance than workers in large companies -- if their employer can afford to offer it."

What is the solution? There are several things that can be done to alleviate the pressures of health care coverage on small businesses. Among them, Medpundit favors federal legislation that will allow small businesses to purchase insurance cost-effectively across state lines through national trade and professional associations.

The NFIB also favors giving employees of small businesses the right to purchase individual coverage and have the cost of the premiums reimbursed up to a certain amount by the employer.

More news... more trends... more insight...

Home | Privacy | Terms | SmallBizTrends
(c) Copyright 2003 - 2005, Small Business Trends LLC. All rights reserved.