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One of the major implications of health care reform that passed in 2010 is “SHOPs” (Small Business Health Options Programs), a program intended to give small businesses better insurance buying power through the use of pooled resources. States are required to comply with the new regulations by 2014. And, beginning in 2014, businesses employing more than 50 people are required to offer health care, or pay penalties.
Independent research has indicated that small business may well gain big tax benefits from the new health care reform. Research by the Commonwealth Fund suggested that small business insurance premiums could be reduced by 8 percent to 11 percent when the new health care regulations take effect.
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