Fix Health Care Policy

House Subcommittee: Obamacare Will Burden Small Businesses

The House Energy and Commerce Subcommittee on Health recently held a hearing to review how Obamacare regulations will affect employers’ ability to maintain health coverage.

To illustrate the magnitude of the new regulatory burdens on businesses, subcommittee chairman Joe Pitts (R–PA) displayed a stack of over 3,500 pages of Obamacare rules, notices, and regulatory guidance issued so far by the Administration. This additional burden, the hearing highlighted, will harm employers’ ability to offer health coverage and disrupt coverage for Americans across the country.

Among the new regulations are “minimum loss ratio” (MLR) requirements, which force health insurers to spend at least 80 percent of premium revenues on medical claims costs or “activities that improve health care quality.” The MLR requirements are likely to force some insurers out of the market, leaving businesses with fewer coverage options.   (Read the rest on The Foundry…)

Tags: health insurance, House Energy and Commerce Subcommittee, medical claim costs, minimum loss ratio, Rep. Joe Pitts, repeal Obamacare