Industry News

House passes small-business health plan bill

Bill would allow real estate pros to band together for lower costs

The National Association of Realtors praised the U.S. House of Representatives for passing the Small Business Health Fairness Act, H.R. 525, late Tuesday. The legislation, which is one of NAR's top priorities, will allow small businesses and self-employed workers to band together through a trade or professional association to negotiate lower health insurance costs for participants. Small-business health plans would operate under the same rules as federally regulated large corporate and union plans that provide group health insurance to all participants regardless of where they live. The bill was introduced earlier this year by Reps. John Boehner, R-Ohio; Sam Johnson, R-Texas; Nydia Velazquez, D-N.Y.; and Albert Wynn, D-Md.; and by Sens. Olympia Snowe, R-Maine; Jim Talent, R-Mo.; Kit Bond, R-Mo.; and Robert Byrd, D-W.Va. President Bush pledged his strong support for the legislation in his speech at the Realtors Midyear Legislative Meeting & Trade Expo in May, generating a standing o...

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