The aftermath of COVID has been devastating to the small business community. A combination of lockdowns, inflation, and supply chain problems have led to widespread business closures.
An accompanying labor shortage has led to higher salary expenses while general inflation hit a four-decade peak during 2022. A poll of 6,000+ small firms by the small business network Alignable found that 41 percent couldn’t pay rent on time or in full for November 2022.
It’s not surprising that high costs threaten the availability of health benefits across the small firm landscape. Unaffordable health benefits adversely affects many dimensions of the small business market.
About the Author
Kev Coleman combines years of health care research with experience in health care technology design and implementation.