Is buying healthcare in groups the best option for small US businesses?

The labor department now allows small businesses to band together when purchasing insurance – but is it a viable choice?

The number of small businesses offering employees group healthcare fell to a historic low last year. If you’re running a small business, that’s probably no surprise: healthcare is a significant cost and it’s a struggle to provide affordable health insurance for your employees. But there may be another, potentially better option for controlling these costs.

After months of deliberations, the Department of Labor this week issued its final rules that now allow small businesses to band together in order to purchase their healthcare insurance as a larger buying group – or association.

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from US news | The Guardian https://ift.tt/2Khxc27