Affordable Care Act

In March 2010 the Patient Protection and Affordable Care Act was signed into law. The law addresses some of small business owners’ top problems when it comes to health insurance, including soaring healthcare costs and limited choice among health plans.

The law will be implemented over a five-year period (2010-2014) to avoid disruption to the existing system and make the transition as smooth as possible. It builds upon the existing employer-based system, but institute changes designed to rein in costs for small businesses.