NSBA’sTom Secor Testifies on Health CareFebruary 7, 2017
Washington, D.C. – Earlier today, National Small Business Association (NSBA) Board Member Tom Secor, president of Durable Corp. located in Norwalk, Ohio, testified before the House Small Business Committee on health care. The hearing, “Reimagining the Health Care Marketplace for America’s Small Businesses” focused on the need to reform the Affordable Care Act (ACA) to make health insurance more affordable for America’s small-business owners and their employees.
“Fewer and fewer small businesses, especially those with fewer than 50 employees, offer health insurance as an employee benefit,” stated Secor during his testimony. “This is not because they do not want to, it is because they simply cannot afford to offer a plan.”
The hearing, led by Committee Chair Steve Chabot (R-Ohio) and Ranking Member Nydia Velazquez (D-N.Y.) featured a frank discussion of the various problems with the ACA and highlighted some of the changes that could be made to make health insurance more affordable.
According to NSBA’s health care survey: 69 percent of small firms reported premium increases exceeding 20 percent over the last five years; one-third held off on hiring a new employee; and more than half say they held off on salary increases for employees as a direct result of high health insurance costs.
Secor went on to state, “Complexity and uncertainty give rise to a system that inappropriately overshadows and often stifles the ability of business owners and individuals to succeed, innovate and pursue entrepreneurship. The small-business community needs substantial relief from the ACA.”
Please click here to read the full testimony.
Celebrating 80 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA’s 65,000 members represent every state and every industry in the U.S., and we are proud to be the nation’s first small-business advocacy organization. Please visit www.nsba.biz or follow us at @NSBAAdvocate