A health insurance crisis may be looming for employees of small businesses, with many firms struggling to cover their share of these costs, new research from Harvard Business School finds. Nearly one-third of employers surveyed weren’t sure they could pay premiums beyond August 15, 2020, write HBS faculty members Leemore S. Dafny, Zoë B. Cullen,… Continue reading Many Small-Business Employees May Be Close to Losing Health Insurance
Tag: small businesses
U.S. Expected to Revise Small-Business Aid Program
Lawmakers and government officials are preparing to make significant changes to the Paycheck Protection Program, amid cooling demand for government-backed loans and criticism from business owners who say they can’t tap the funds. The changes are likely to include giving businesses more flexibility to spend the money, according to lawmakers and others following the deliberations.… Continue reading U.S. Expected to Revise Small-Business Aid Program
Over 80% of U.S. Small Businesses Expect Impact of Pandemic to Last 12-16 Months
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday. San Francisco-based Veem, which helped thousands of small companies apply for loans under the federal… Continue reading Over 80% of U.S. Small Businesses Expect Impact of Pandemic to Last 12-16 Months
Court Blocks An ‘End-Run’ Around Health Care Law
A federal judge on Thursday struck down a Trump administration rule that allows small businesses to band together and set up health insurance plans that skirt requirements of the Affordable Care Act. The rule is “clearly an end-run around the ACA,” said Judge John Bates of the U.S. District Court for the District of Columbia.… Continue reading Court Blocks An ‘End-Run’ Around Health Care Law