Small Businesses Owners share how the ACA supports them

Health Care and the Economy Depend on Each Other – Small Businesses Owners share how the ACA supports them

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How A Ruling Against The ACA Will Impact Small Businesses Owners

As the Supreme Court hears arguments today on yet another Affordable Care Act (ACA) challenge, small business owners shared their stories about how a Supreme Court ruling against the Affordable Care Act would directly impact their businesses and employees.

Michael Mauboussin’s 10 Attributes of Great Investors [Pt.1]

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkIn 2016, Michael J. Mauboussin completed his 30th year on Wall Street. The analyst, who was working at Credit Suisse at the time, decided to celebrate by reflecting on the ten attributes of great investors he had observed over the previous three decades. He published his ideas in a report in August 2016. I've summarised Read More


“Congress continues to delay urgently needed financial assistance to struggling families and small businesses and state governments, straining under financial losses caused by the pandemic,” said Main Street Alliance Executive Director Amanda Ballantyne on the call.  “Despite this set of unprecedented crises, Senate Majority Leader Mitch McConnell prioritized a new court majority that could end health insurance for 20 million people and remove pre-existing conditions protections for more than 135 million people during the middle of a global pandemic."

Main Street Alliance also released data on health care insurance and prescription drug cost prices from a recent scientific poll of 600 small businesses owners. We saw that a majority of small businesses (60%) say they did not provide health insurance to any employees prior to the pandemic. Meaning the ACA marketplace is what allows employees and owners to get covered because it’s too expensive for many small businesses to offer employer based plans.

In addition, over half of small business owners are very concerned about health care prices being too high (61%) and that drug corporations are overcharging for prescription drugs (59%) - which contribute to increased insurance prices. And now during a pandemic when there are so many other priorities, it is unconscionable that the Republican led Senate has yet to take up small businesses COVID relief.  COVID has made clear the link between health and economic strength.

Lingering Health Issues

“I was impacted by COVID 19 personally early on in the pandemic and now have lingering health issues from it. I’m very concerned that if the decision is implemented to get rid of the ACA, that any of the lingering health issues I have because of COVID are going to be considered a pre-existing condition,” shared founder of Adeline Inc, Adeline Wright from Duluth, MN. “I would really like to see [legislators] supporting small businesses in a meaningful way through further [COVID] stimulus to help us keep our boats afloat, but also by keeping the ACA intact.”

The ACA is the only thing standing between the 135 million people with pre-existing conditions and the insurance companies. With today’s arguments scheduled in a court case against the ACA that Trump’s Department of Justice is backing, there is a very real possibility that small businesses could see their health care options diminish considerably next year.

“As small business owners, my wife and I don’t have the option of employer-provided-health insurance. And, because both of us have preexisting conditions, private insurance is out of the question, too. The ACA doesn’t allow our preexisting conditions to disqualify us from coverage,” said Bob Goodman, Owner of Robert Goodman Jewelry in Zionsville, IN during the call. “The attacks on the ACA harm business owners and consumers alike. These costs limit the money we can put into both our business and the economy.”

“To live or not to live should not be a budget line item,” said Zweli’s Kitchen owner Leonardo Williams of Durham, NC - a state where his Senator Thom Tillis has voted to repeal the ACA seven times. “Another reason these costs have gone up is that the price of prescription drugs is rising faster than any other good or service. The Supreme Court Case is another attack on my ability to get health insurance or provide it for my staff. We are hoping to subsidize their health plans on the marketplace - if that goes away I’ve lost my ability to provide health care for my staff - we are too small for a single employer-based plan to make any sense.”


About Us

Main Street Alliance is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Alliance small business owners share a vision of public policies that work for business owners, our employees, and the communities we serve.