Businesses and organizations across the U.S. have come out in support of the Affordable Care Act, the Affordable Health Care Act (Obamacare), and are actively lobbying the Trump administration.
The administration is making strides to help businesses and industries in their transition, with its goal of having 10 million Americans gain health coverage by mid-2019.
But a new report from The Atlantic says that the law has created an even greater challenge for businesses and organizations.
Businesses are being asked to find ways to adapt their business models, the study found.
They are being told to pay a higher price for insurance than before the ACA, with some businesses paying as much as $4,000 more than they otherwise would.
They can’t offer an alternative to Obamacare or a better way to compete.
“We’re in this space where a lot of people are feeling that they’re going to be penalized for their health, for their medical care,” said Dan Sussman, a partner at the law firm Baker Botts.
“It’s the greatest pain in the ass, but also the greatest opportunity to do some good.”
A lot of businesses are feeling a lot more pressure to do better than they’ve ever done before, he said.
“You’re talking about a system that’s been in place for a long time that’s a lot less flexible than we think,” he said, and “you’re talking to people who have had a lot to lose.”
One of the main areas of concern is the tax code.
Sussmann said businesses are concerned that the tax credit they receive will not be enough to cover their costs and that they will be taxed less.
“A lot of companies that are thinking about moving, because of the ACA and the ACA transition, the tax credits are not necessarily the best incentive for them to stay in the U, because they’re not really getting the tax breaks they would otherwise get,” he told CNN.
He said the biggest concern for businesses is the cost of insurance premiums, which could go up if more Americans are uninsured.
A study by the American Enterprise Institute released earlier this month found that while the cost per person of health insurance increased over the past few years, it has been declining in absolute terms.
A person without health insurance would have an average premium of $3,400, according to the study.
However, for a person with health insurance, an average increase in premiums would be around $3.00, with a $500 deductible, according the study, which was commissioned by the Kaiser Family Foundation.
The ACA also offers financial help to help small businesses in their recovery from the law.
The IRS can help small business owners make contributions to help offset out-of-pocket expenses for their employees, employees and retirees.
The Tax Cuts and Jobs Act is expected to raise taxes for the top 1 percent of earners by an average of $5,000, and for the bottom 1 percent by an additional $1,000.
The new tax credits and subsidies that have been introduced in recent years could help some small businesses survive, but others are struggling to get by.
Sommers report says there is a lot that needs to be done to get businesses and their employees on track to the new insurance marketplaces.
“Some people think this is going to just be an insurance marketplace, and it’s not,” said Sussmans.
“This is a health marketplace.
The only difference is the price.
This is going be a marketplace where you can actually purchase health insurance at competitive rates.”
But the reality is that a lot is still unknown, he added.
“What is clear is that there are a lot, a lot unanswered questions.”