Dissecting Trump’s Expansion of Health Reimbursement Arraignments (Guest: Alfredo Ortiz)
Alfredo Ortiz, president and CEO of the Job Creators Network, explains Trump’s expansion of Health Reimbursement Arrangements. These arrangements allow small business owners to cover some of the health insurance needs of employees using tax-free accounts.
Alfredo Ortiz, president and CEO of the Job Creators Network (JCN), spends his days fighting for small business owners and employees. Recently, Ortiz received an invite to attend the event where President Trump announced a new rule expanding Health Reimbursement Arrangements, or HRAs. These will allow small business owners to offer health insurance coverage to employees when they couldn't afford to before. "President Trump is going the extra mile to make health care more affordable for small business owners and their employees who have been disproportionally hurt by Obamacare,” said Mr. Ortiz in a statement upon announcement of the new rule.
“Because of Obamacare’s rising costs, the portion of small businesses offering employee health insurance fell by about one-third between 2010 and 2018. With today’s action on HRAs, President Trump will be reversing that trend, helping about 800,000 workers (90 percent of whom work at small businesses.) This is a significant policy change, using free-market solutions to alleviate a significant aspect of America’s healthcare crisis. Now is the time for Congress to follow President Trump’s lead and take bipartisan action on other common-sense proposals, including expanding Association Health Plans.”
Mr. Ortiz joins the podcast to discuss the new rule, including what it means for small business owners, their employees, the health of the economy, and the future of the health care debate in America.