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.