CBIA BizCast: Virginia's Solution for Small Business Healthcare Costs

Later this year, the healthcare landscape for Virginia small businesses and their employees will change dramatically when they gain access to broad new options for affordable, quality health insurance. “This is a game changer,” said Democratic state Senator Monty Mason, a key figure behind bipartisan legislation permitting what are known as association health plans. “I think this has the capacity to be one of the most consequential pieces of legislation as far as impact on people." Healthcare costs jumped by 6% last year in Connecticut—more than $2 billion—and state lawmakers are now considering legislation similar to the Virginia law. HB 6710 continues to move through the General Assembly, clearing its latest legislative hurdle May 1 when it was approved by the Appropriations Committee with overwhelming support.