Sunday, July 12, 2009

Money & Business

Risky Business by Matt Bandyk

SCHIP Gets Support From Small Business Organization

January 14, 2009 11:54 AM ET | Matthew Bandyk | Permanent Link | Print

The National Federation of Independent Business, one of the largest small-business advocacy groups, is part of the coalition of organizations pushing for more spending on the State Children's Health Insurance Program, the Hill reports.

SCHIP gives money to states to pay for the health insurance of families with children that do not qualify for Medicaid but have modest incomes. The issue of whether or not it should be expanded has been one of the most partisan in the past year or so.

It's not immediately clear to me why this is a small-business issue. In fact, one health reform that would be good for small businesses might actually make SCHIP less relevant. Loosening regulations on state health insurance markets--which prevent people from shopping around the country for insurance plans--could reduce the cost of health insurance. That means that fewer families with children would find health care unaffordable.

Tags: small business

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About Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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