Health Reform Lowers Costs for Businesses
You might have heard about a partisan report on how the health care law will affect some businesses across the country. We can't speak to these individual anecdotes. But we know that analysts and experts have examined the law and concluded that the health care law will reduce costs for businesses. And we know we can't afford to return to the broken health care system that was threatening businesses and families across the country and put insurance companies back in control.
Over the past decade, health insurance costs for employers who provide insurance to their workers increased by 113 percent. Losses due to productivity and absenteeism related to health are estimated to be more than
In fact, countless experts have also examined the Affordable Care Act and found it includes major reforms that will help control health care costs. A team of economists including several Nobel Prize Winners wrote: "[T]he Affordable Care Act contains essentially every cost-containment provision policy analysts have considered effective in reducing the rate of medical spending."
Here are some key facts to keep in mind if you're reviewing the new report. Under the Affordable Care Act:
Businesses Will Continue to Offer Coverage: Independent experts from
Businesses Are Already Benefitting from Health Reform: Already, the law has helped businesses make health insurance more affordable through tax credits for small businesses, resources to help pay the high cost of early retirees' care and new rules that hold insurance companies accountable for high premium hikes. For example, the small business tax credits will benefit an estimated two million workers who get their insurance from 360,000 small employers who will receive the credit for 2011.
Two Years Into Implementation, Businesses are Creating Jobs: Congressional Republicans predicted that the Affordable Care Act would cause businesses to shed jobs. But in the two years since the law was enacted, the economy created 3.9 million private sector jobs.
Medicare Remains Strong: Contrary to predictions from House Republicans,
Some Republicans want to go back to the days when insurance companies could deny your coverage or jack up your rates whenever and however they pleased without any accountability. Republicans in
TNS RadHar67-120427-JF78-3854831 StaffFurigay
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|Source:||Targeted News Service|