Affordable Health and Accessible Child Care

Small businesses are the backbone of the economy, but rising healthcare and child care costs are holding them back. Without relief, these challenges make it harder to hire, retain employees, and grow.

84%

84% of Small Business Owners say high-quality child care is unaffordable for working parents

Rising Healthcare Costs Are Squeezing Small Businesses

• Healthcare costs are increasing by 5-10% annually.
• Prescription prices alone are climbing by 15% each year.
• On average, small businesses pay over $6,000 per employee annually for health benefits.
The Impact:
• Higher operational costs.
• Reduced ability to offer competitive benefits.
• Difficulty attracting and retaining top talent.
Child Care Is Imperative For Small Business Growth the Way

According to the Goldman Sachs 10k Small Business survey
• 84% of Small Business Owners say high-quality child care is unaffordable for working parents.
• 57% operate in areas with limited or no access to affordable child care.
• 38% report employee absences or reduced work hours due to lack of child care.
The Impact:
• Limited workforce participation.
• Increased employee turnover.
• Lower productivity and business growth.

USHBC Affordable Childcare Policy Priority

What We Need

• Ensure Equal Access to Capital for all American businesses and entrepreneurs

• Stabilize the Regulatory Framework to reduce uncertainty and encourage small business growth.

• Address High Interest Rates to ease borrowing costs and support expansion.

• Tackle the National Debt to reduce the fiscal burden on small businesses and prevent future economic crises.

• Promote Transparent Lending practices

By removing financial barriers, we can unlock the full potential of small businesses, drive innovation, and build a stronger, more prosperous America.