Even Massachusetts, which has some of America’s highest health-care costs, will see a spike in insurance premiums this upcoming year.
According to preliminary data from the Associated Industries of Massachusetts, a business trade group, under Obamacare more small businesses will see their costs rise than fall. Premiums on the small-group market are rising for 32 percent of businesses by 10 to 29 percent; some businesses are seeing their premiums jump even higher.
As a result of the changes, 40 percent of businesses surveyed said they planned to change their health-insurance offerings. Of that group, 30 percent said they’ll increase deductibles or co-pays, and 18 percent said they will drop coverage altogether.
AIM says that it will conduct another survey in March, as many small businesses renew their plans in April.