Health Care Reform Cost Estimates – What is the Track Record?
• Governors Fear Medicaid Costs in Health Plan – New York Times • Current U.S. Spending – U.S. Treasury How will the current healthcare proposal impact small businesses? H.R. 3200 creates an 8% payroll tax on employers who fail to offer “acceptable coverage,” as defined by a government committee. According to U.S. Census data, this payroll tax would negatively impact 64% of Virginia’s small business employees. This bill also requires that employers pay a minimum of 72.5% of insurance premiums for an individual and 65% for families. According to a 2008 Kaiser Family Foundation survey, 61% of small firms fail the test for family coverage and 21% fail the test for individual coverage. The proposal also does nothing to allow more small businesses to join together and negotiate with insurance companies on a level playing field, like large businesses already do. Read More About It • News: Small Businesses Face Big Bite – Wall Street Journal • News: Healthcare bill would deliver pre-Reagan ta
