According to CNBC, President Trump’s plan to repeal and replace the Affordable Healthcare Act has many small businesses concerned. While many midsized to large companies saw healthcare costs increase under the ACA, smaller business actually saw their healthcare costs stabilize.
Small businesses are optimistic that President Trump can reverse onerous regulations that are costing them money, reports USA Today. Small business would like to see overtime and sick leave regulations eased.
Small businesses in Hawaii no longer have to participate in the Affordable Care Act’s Small Business Health Options Program, reports Pacific Business News. The Department of Health and Human Services granted the state a waiver. Hawaii’s small businesses health care rules have now reverted to the 1974 Prepaid Health Care Act.
According to Accounting Today, small businesses employment grew in December. The Paychex | IHS Small Business Jobs Index ticked up 0.10 percent in December to 100.49. This increase comes after 3 straight months of declines.