Small Business Threatened

July 29, 2010

Penalties a financial burden on small businesses

In a Bloomberg News (7/30) commentary titled Healthcare Law Threatens Small Businesses, US Medicine former CBO director Douglas Holtz-Eakin and coordinator of Operation Health Care Choice write about the threats to small businesses. They state "the 3.8 percent Medicare tax on net investment income - a direct tax on many business owners," is an "assault," and that "of even greater concern is the law's most celebrated feature-the mandate to cover full-time employees with health insurance." They go on to say that "in what might be the greatest irony of all," it "is a threat to US medicine," since "the most common business form among health providers is the sole practitioner."

Democratic lawmakers are considering whether to repeal a provision in the healthcare reform law that would require businesses to complete IRS form 1099 for partners that provide goods or services in excess of $600.

Other articles of interest in the July 30, 2010 NAHU Newswire include:

• Seniors More Negative Toward Healthcare Law.
• Private Insurers Reverse Course On "Child-Only" Plans After HHS Unveils New Rules.

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