Small businesses were no great fans of Obamacare—but at least they liked the promise of the health exchanges. Now, some of the benefits might not appear for at least a year.
By 2014, two kinds of health exchanges are scheduled to be up and running: One for individuals and one for small businesses.
Under the Small Business Health Options Program, business owners would choose a level of coverage, and their workers could pick among competing plans that qualify.
Under a new proposal from federal regulators, each business owner would still have their pick of insurance from several providers. But businesses would be limited to choosing a single plan to cover all their employees. An expansion of more options would not come until at least 2015.