WASHINGTON– U.S. Small Business Administration Administrator Linda E. McMahon today issued the following statement in response to a U.S. Department of Labor rule expanding access to Association Health Plans (AHP):
The President’s decision to expand access to affordable, quality health care through Association Health Plans (AHPs) is welcome news to tens of thousands of small businesses. This reform will help empower small businesses with the kind of buying power that has long been available to large employers, and as a result, many more small businesses will be able to gain access to coverage. It’s an important step in reversing a multi-year downward trend in the number of small business owners offering health insurance to their employees as a result of rising premiums and increasing deductibles.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.