MOUNT VERNON — Changes within the Affordable Care Act and how they affect small business owners was the topic of a seminar Tuesday morning at the Knox County Memorial Building, sponsored by the Knox County Chamber of Commerce. Presenter for the seminar was Barry D. Peel, economic development specialist with the U.S. Small Business Administration.
Peel compared having efficient health insurance to the concept of owning a house or a car. “If you don’t do the various preventative maintenance things that you need to do, sooner or later you will have a big problem down the road,” he said. “And it’s the same with affordable healthcare. We’re trying to get things taken care of earlier so that people are healthier, thus reducing costs.
“In many small businesses, you find yourself in a situation that you generally cannot offer healthcare insurance because it has not been affordable,” said Peel, explaining that it has cost small business owners as much as 18 percent more to offer health insurance than it has for larger businesses. His presentation on the ACA, which came into play in March 2010, focused on how the ACA can help small businesses by lowering premium cost growth and increasing access to quality, affordable health insurance.
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