Small business owners may cut health insurance
The recession is forcing some owners to cut insurance or staff
The unemployment rate hit 8.9 percent in April, many small businesses are having trouble borrowing money, and homeowners are watching the price of their properties fall from earlier peaks.
These are just a few of the sour stories emerging as the recession takes a toll on consumers and entrepreneurs alike.
But an article from the Wall Street Journal suggests that small business owners are increasingly faced with a new pressing dilemma – to keep paying for employees’ health insurance or to lay off workers.
The Journal profiles one small manufacturing company that is cutting employee coverage because premiums have climbed too high and revenue has dropped off.
Meanwhile, earlier this month Health and Human Services Secretary Kathleen Sebelius and the director of the White House Council on Women and Girls, Tina Tchen, gathered together a group of women business owners to discuss the topic of healthcare reform and health insurance affordability for small business owners.
Many companies that continue to offer healthcare see other parts of the business suffer due to the expense, noted Sebelius and Tchen.
Learn how easy and convenient shopping for health insurance can be. Get your free health insurance quotes today!
Posted: May 26, 2009
Related Health Insurance Articles
- Affordable health insurance debate prompts creative response May 21, 2009
- Health insurance remains top concern amid fumbling economy May 19, 2009
- Health insurance a top concern amid job loss May 18, 2009
- Is a government health insurance company on the horizon? May 15, 2009
- Health insurance affordability re-examined May 12, 2009
- Flu scare seen as cause for spike in call volumes May 04, 2009
- Many unaware of real cost of health insurance May 05, 2009