A majority of small businesses that offer health insurance could see premiums rise, according to a new government report.
The report from the actuary for the Centers for Medicare and Medicaid Services (CMS) estimates that 65 percent of small firms will likely incur higher premiums this year under the Affordable Care Act. This translates into higher costs for 11 million people.
However, the remaining 35 percent of small firms could see a reduction in their premium rates, which would reduce health insurance costs for 6 million people.
The report did not specify how much rates would increase or decrease.