Health Care Reform: Starting to Show Results
For all the handwringing about Health Care Reform, it looks like the law is starting to have a positive effect on people’s lives. According to the Wall Street Journal:
The number of small businesses offering health insurance to workers is projected to increase sharply this year, recent data show, a shift that researchers attribute to a tax credit in the health law.
Many small businesses, however, remain opposed to the law. Some small businesses are benefiting from portions of the law, which includes a tax credit beginning this year that covers as much as 35% of a company’s insurance premiums.
According to a report by Bernstein Research in New York, the percentage of employers with between three and nine workers and which are offering insurance has increased to 59% this year, up from 46% last year. The report relies on data from a September survey by the nonprofit Kaiser Family Foundation.
This strikes me as especially significant in an economy characterized by high unemployment, a situation that naturally reduces the need for employers to provide new incentives to find good workers.