The National Federation of Independent Business (NFIB) has submitted testimony to the U.S. Senate Committee on Finance, highlighting concerns about rising health insurance costs for small businesses. The testimony was provided ahead of a committee hearing titled “The Rising Cost of Health Care: Considering Meaningful Solutions for all Americans.”
Tyler Dever, NFIB Principal of Federal Government Relations, stated, “Small business owners know the status quo is not sustainable, and the current system is breaking them, and the health of their employees. Small businesses understand Congress cannot continue to throw money at problems and expect a different result. To solve these long-term problems requires going after the root causes—the mandates, laws, restrictions—that are fueling the exploding costs, decreased competition, and restricting small business, consumer and patient options.
On behalf of small businesses across the country, we appreciate your willingness to discuss the root causes of exploding healthcare costs. We look forward to working with you to provide small businesses and their employees with more affordable and flexible options.”
Earlier this year, NFIB released a policy paper warning that employer-provided health coverage is becoming unsustainable for many small businesses. The report outlined legislative actions Congress could take to address these challenges.
According to NFIB’s latest Problems & Priorities survey, health insurance costs have been ranked as the top concern among small business owners since 1986.
