Report Indicates that Health Reform May Benefit Small Businesses

A recently released report by the New York State Health Foundation and the Small Business Majority, indicates that inaction on health reform would be a worst-case scenario for small businesses. Using a model developed by MIT economist Jonathan Gruber, a number of scenarios were examined. Among them are:

• Two shared responsibility schemes that would expand public programs, mandate coverage for children, provide tax credits to employers who offer coverage, and require employers who do not offer coverage to pay a fee. These arrangements are similar to those under active consideration by Congress.
• A market reform scenario, which would include tax credits, a pooling of New York's highest-risk individuals, and an easing of State health insurance regulation.
• A single-payer plan in which the government would provide health insurance to everyone-employed or unemployed-and employers and employees share in a 10% payroll tax.

Click here to read the article from the Albany Times Union.

For the complete report, click here.