House Small Business Panel Unveils Health Care Bill
The Small Business Cooperative for Healthcare Options to Improve Coverage for Employees Act (Small Business CHOICE) is designed to encourage small firms to join health insurance cooperatives. The bill, H.R. 6582, is sponsored by Rep. Nydia Velázquez (D-NY), who is the Chairwoman of the House Small Business Committee. These purchasing cooperatives enable small businesses, which usually operate within the boundaries of a particular state, to collectively negotiate for improved health insurance for employees. Small businesses are currently able to form these co-ops, but the bill would increase the incentive to do so by offering a refundable tax credit to small firms with no more than 100 employees that join a cooperative.
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