By Derek King, April 23, 2019

I am the owner of a small business, and I am frustrated by private health care insurance.

Everyone knows that without insurance, any health care crisis can become a financial crisis. What most people don’t know is that insurance may not protect you. Worse, they don’t understand how it harms small businesses.

On a personal level, severe throat problems forced me to go to the emergency room twice in six months while I was on my mother's health insurance seven years ago. The first time, a surgeon drained a painful cyst. Then, to stop recurrence, another removed my tonsils. Despite being insured, it took me four and a half years to pay those bills.

On a professional level, when my consulting firm began hiring employees, I wanted everyone in our company to have good insurance coverage. It’s the ethical thing to do. It’s also practical: It reduces our competitive disadvantage against bigger companies…

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