Download the PowerPoint 
This weekend, President Barack Obama gave his weekly address and the hot topic is of course the Universal Health Care Bill. What many of you small business owners out there may be asking is “how does this affect me?”. The President discusses a key factor that has been considered in the development of the health insurance reform proposals that are being considered: the impact of reform on small business.
The White House Council of Economic Advisers released a major report on the subject in conjunction with this address — read the report as a web page, in pdf form, or through Slideshare.
I went through the report and here are some interesting findings from the report:
“Due to high broker fees, fixed administrative costs, and adverse selection, small businesses pay up to 18 percent more per worker than large firms for the same health insurance policy.”
“Only 49 percent of firms with 3 to 9 workers and 78 percent of firms with 10 to 24 workers offered any type of health insurance to their employees in 2008. In contrast, 99 percent of firms with more than 200 workers offered health insurance.”
We have included the video of the address below:
From the White House web site, “During the address, the President asks that small business owners and employees give us their comments and questions on the report. What are your experiences with health care as somebody involved in small business, and what are your thoughts and questions on the new CEA report in light of those experiences?”
If you are a member of the social network LinkedIn, go take part in the discussion CEA Chair Christina Romer initiated there. Romer will be answering some of most penetrating responses in a live video discussion on Wednesday at 3:00 PM EDT.
What are your concerns
Tags: healthcare, president, reform, small business
Posted in small business, Workforce | 2 Comments »
