PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan in Morning Consult: Small Business Needs a Big Shot of Disruption in the Health Care Marketplace

By at 10 July, 2018, 10:40 pm

In an Op-Ed in the Morning Consult, SBE Council president & CEO Karen Kerrigan writes that health care and health coverage costs remain a big pain point for small businesses, their employees and the self-employed. According to Kerrigan, a shot of disruption is in order:

“There is no doubt that health coverage, and how we receive and pay for health care, is one area in need of massive disruption. But pervasive regulation and mandates are barriers to innovation, which is unfortunate, as entrepreneurs and market dynamism are our best source for competition and finding solutions.”

Kerrigan reviews what is happening in the policy arena as well as developments in the private marketplace to lower costs, and improve quality, choices and access.  She argues that government must allow for innovation and new business models to develop, as this experimentation is the best hope for health care that meets the varied needs of consumers:

“Health care players, both large and small, require the freedom to innovate and build new business models to improve access, affordability and patient outcomes.  Health care costs are weighing down the competitiveness and innovative capacity of many of our nation’s small businesses and the more that the private sector can do to innovate and experiment, the greater the likelihood for solutions and models that are more affordable and meet consumer needs.”

Read the full Op-Ed here.

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