Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer announced another proposed rate cut Thursday -- a 10.8 percent, $153 million annual savings affecting all private employers beginning in FY16. Approval by the BWC directors next month will drop average premiums by just under a quarter since the Kasich administration took office in 2011, according to Buehrer.
Owners, Brokers Blame Limited Federal Tax Credits and Small Menu of Offerings
Some small-business owners are snubbing the new health-insurance exchanges, operating under the Small Business Health Options Program, citing limited federal tax credits and a small menu of insurance offerings in a few states, companies and health-insurance brokers said.
Under the program, small businesses in 33 states have been able since Nov. 15 to buy coverage for their employees through HealthCare.gov, the Affordable Care Act’s online insurance enrollment site. The federal government operates SHOP exchanges in these states, which include Delaware, Georgia and Missouri. Seventeen others and the District of Columbia choose to operate their own SHOP marketplaces.
A far-reaching update of Ohio’s municipal tax laws cleared the Senate Wednesday, putting the years-in-the-making package one step away from heading to the governor’s desk.
The House is expected to concur Thursday with Senate amendments to the controversial bill, which for the entire legislative session has pitted business interests against cities across the state.