Mass. Senate Approves Health Costs Bill To Help Small Biz Pay Health Costs And ... Kaiser Health News
19.05.10
The Associated Press : The Massachusetts Senate Tuesday approved a bill that would make wealthy hospitals pay $100 million in a one-time contribution to help small businesses ease insurance premiums. "The bill would let businesses with 50 or fewer workers form cooperatives to purchase insurance at a lower cost. Another provision presses insurers to spend at least 90 percent of premium dollars on care and 10 percent or less on administrative costs. Senate President Therese Murray said the bill, which passed on a 33-4 vote, will ease instability in the insurance market, smooth out annual fluctuations in premiums and require insurers offer affordable small business plans." Proponents say the money paid by wealthier hospitals could save 2.5 percent in premium costs for small businesses in health care costs. "Senate Minority Leader Richard Tisei, R-Wakefield, said the assessment amounts to a tax increase on hospitals. He said some bigger hospitals might be able to afford it, but smaller community
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