Some small business advocates warn that a Republican plan to revamp health care could stifle entrepreneurship.
A Congressional Budget Office (CBO) report has increased opposition to the bill that would replace the Affordable Care Act (ACA) enacted under the Obama administration. The CBO said last week that the bill, which GOP leaders hope to bring to a House vote this week, would result in 14 million people losing coverage next year, and 24 million by 2026.
Citing a January Treasury Department report, the Small Business Majority says the GOP plan, which is supported by President Donald Trump, could deter would-be small business owners from starting companies. The Treasury said one in five people who bought insurance on exchanges created under the ACA was a small business owner or self-employed.
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