Michigan business owners express concerns over health care reform

Lack of cost containment, onerous tax reporting among biz concerns over health care reform

What can Michigan businesses expect as federal health care reform gains momentum? That was the big question being asked during a Health Care Reform: Defined event and panel discussion Tuesday at the Detroit Regional Chamber.

The answer, of course, depends upon many factors, including the shape of yet-to-be-written regulations and how the Nov. 2 election shakes out in both Washington, D.C. and Lansing. But the consensus was that businesses will likely need help both from tax and employee-benefit advisors as well as from statewide insurance exchanges set to be established in 2014.

One of business’ biggest concerns about the Patient Protection and Affordable Care Act was the lack of measures to contain costs, experts said.

Read more of this post