Easing The Heath Care Stress
Written by Ken Gaebler
A Massachusetts legislation aims to help small business owners pay for health insurance.
From farmers in Wisconsin, to the local family-owned restaurant, smaller companies have had a difficult time covering high health insurance costs, particularly in this economy.
In December 2008 Hewitt Associates expected health insurance costs to rise by 6.4 percent in 2009.
Now a Massachusetts representative, Steven M. Walsh presents a plan and some positive news for small businesses concerning their struggle to pay insurance costs.
According to the Boston Globe, Walsh filed legislation that aims to allow small businesses to join together as non-profits and collectively purchase plans available to larger groups.
The bill presents encouraging news for small businesses for it outlines a plan to help them save money, stating that small businesses in the plan will not be penalized and charged a higher rate than comparable businesses outside of the plan.
Walsh told the Boston Globe that the first healthcare law was not all inclusive, for he and his team" looked at who may have been left out, or may not have been a winner" and it turned out that this was small businesses.
While some may not wholly approve the legislation, it hopes to further protect small businesses now and even when the economy improves.
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