Higher Health Insurance Costs for Small Businesses Coming in 2019? - Black Enterprise
A recent ruling by a Texas federal judge insisting the Affordable Care Act (ACA)—otherwise known as Obamacare—is unconstitutional is potentially bad news for millions of small businesses, the national advocacy group Small Business Majority maintains. U.S. District Judge Reed O’Connor agreed with an alliance of 20 states that a change in tax law last year eliminating a penalty for not having health insurance nullified the overall ACA . ‘Obamacare’ will continue to remain in effect for now. The case could be appealed and possibly reach the U.S. Supreme Court, observers say. They say that process could take months or even years. The ruling occurred a day before the deadline for Americans to sign up for coverage in the federal insurance exchange created under the ACA. Roughly 11.8 million U.S. consumers enrolled in 2018 healthcare exchange plans, the federal agency Centers for Medicare and Medicaid Services reported. The ruling has “no impact to current coverage or coverage in a 2...