The National Federation of Independent Business (NFIB) and attorneys general from 20 states will have their voices heard today as opening arguments commence in a lawsuit filed in an attempt to overturn the recently passed healthcare law, the Patient Protection and Affordable Care Act. The suit was filed in U.S. District Court on May 14 in Pensacola, Fla., and argues that the individual mandate requirement that forces all individuals to purchase health insurance or pay a penalty is unconstitutional.
“It is critically important for all Americans that our case against the healthcare law moves forward. At its core, this law fundamentally undermines the liberty interests of all citizens and undercuts the ability of small business owners to own, operate and grow their business,” said Karen Harned, executive director of the National Federation of Independent Business Small Business Legal Center.
The Obama administration contends the individual mandate will increase the size of insurance company pools and, ultimately, increase competition between insurance companies, resulting in more competitive pricing.
A recent survey of small business owners indicates the majority are concerned that the bill will result in significant health insurance increases. However, independent research by the Commonwealth Fund, a private foundation supporting research on health policy reform, predicted that small businesses will actually experience health insurance cost savings 8 to 11 percent by 2016.