TL/DR –
The National Federation of Independent Business (NFIB) has applauded Vermont Governor Phil Scott’s Executive Order 05-26, which seeks to increase affordable healthcare options. The order instructs state agencies to develop legislation for a Small Employer HRA Tax Credit, start creating an Individual Market Reinsurance program to lower premiums, suggest ways to restore options for small businesses to form Association Health Plans, and eliminate outdated barriers to other small business health insurance options. The NFIB believes this order will lead to much-needed reforms, providing more choices and lower prices for small businesses, workers and families struggling under the current healthcare policies.
Immediate Release: NFIB’s Statement on Vermont Governor’s Executive Order 05-26
The National Federation of Independent Business (NFIB) in Vermont has recently issued a statement concerning Governor Phil Scott’s Executive Order 05-26 aimed at expanding affordable health insurance options for Vermonters.
According to John Reynolds, NFIB Vermont State Director, high healthcare costs remain a significant challenge for small business owners in the state. He expressed gratitude towards Governor Scott’s executive order for accelerating required reforms, anticipating that it will pave the way for future initiatives that could potentially enhance options and reduce prices for small businesses, workers, as well as families.
The Executive Order 05-26 instructs state agencies to develop legislation for a Small Employer HRA Tax Credit, begin the creation of an Individual Market Reinsurance program to lower premiums for those who purchase their own coverage, make suggestions for reintroducing the option for small businesses to establish Association Health Plans, and eliminate obsolete impediments to other small business health insurance options.
With a history spanning over 80 years, the NFIB has been a consistent advocate for small and independent business owners across America. As a nonprofit, nonpartisan, and member-driven organization, it is exclusively dedicated to serving small and independent businesses. For more information, please visit www.NFIB.com.
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