Small-Business Owners Face Insurance Crisis as ACA Subsidies Expire Next Month
Key ACA subsidies set to expire, leaving small-business owners without insurance coverage; owners' spouses and families will be particularly vulnerable as many rely on the subsidized plans for their care.
Small-business owners in the US will become uninsured after key subsidies under the Affordable Care Act (ACA) expire, leaving many without access to affordable healthcare. The ACA subsidies, which have been in place since 2010, are set to expire in December unless extended by Congress. This development has left many small business owners and their employees worried about their health insurance options, as they will no longer be eligible for the subsidies that have made their plans more affordable. As a result, some businesses may be forced to cancel their group health insurance plans or increase premiums significantly.
