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Health Care Reform Will Benefit Small Business, Produce Big Savings

 

by Mike Hall, Jul 30, 2009

 
   

Two studies by the Economic Policy Institute (EPI) find that the House health care reform bill (H.R. 3200) would pay dividends for small businesses and other groups, and costs incurred by the federal government would help reduce total health spending over time.

Health Care Reform—Big Benefits for Small Business” explains the many ways in which small businesses will benefit from health care reforms. Only 35 percent of businesses employing fewer than 10 workers offer health insurance, and those that do usually pass on a higher share of the cost to workers than do larger businesses, the report says. 

A key problem is that small businesses typically pay more for health insurance because of the way policies are sold. Reforms that would create more competition among insurers and reduce their administrative costs “would significantly reduce the cost small businesses incur providing health insurance,” EPI said.

The other study, “Seeing the Big Picture in Health Reform and Cost Containment,” shows why a federal government investment in health care reform could produce big savings in total costs over time and argues that cost analyses focusing strictly on the cost of health reform to the federal government are misguided

Fundamental health reform is worth doing even if it does not pay off in big federal budget savings. The reason is simple: Health care is an area where the more costs are loaded up on the federal government, the more efficiently care tends to be delivered overall.

That helps reduce total health spending over time, spending that is currently rising faster than gross domestic product, according to EPI.

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3 Comments

  1. JerryWells on 30.07.2009 at 18:28 (Reply)

    Here is what Obama’s own doctor thinks about health care reform!!

    Published on Thursday, July 30, 2009 by CommonDreams.org

    Obama’s Doctor Speaks Out for Single-Payer Healthcare Reform

    by David L. Scheiner, M.D.

    I write today because years ago I was practicing medicine in an office on the South Side of Chicago with my partner and friend, Dr. Quentin Young, when a young community organizer came to see me as a patient. I became his personal physician for 22 years and he became president of the United States. I support and admire him and consider him to be the most promising president of my lifetime, which stretches back to 1938. But I respectfully differ with him on his approach to health care reform.

    I speak to you today as an advocate for the single-payer approach to health reform, an expanded and improved Medicare for all, but I am hoping that President Obama and Congress will hear me also. As some of you may know, I was supposed to be at the recent town hall meeting at the White House where I was to ask a question of the president, but my visit was cancelled at the last minute, presumably to prevent the national airing of my views on health reform. Is the single-payer message so dangerous that it cannot even be discussed by Congress and the administration?

    Read the full article here on today’s CommonDreams:

    http://www.commondreams.org/view/2009/07/30-14

  2. HealthReformWatch.com on 30.07.2009 at 20:57 (Reply)

    http://www.healthreformwatch.com/2009/07/30/dead-center/

    Professor Tim Greaney, Saint Louis University School of Law posing a few rather pointed questions to the so called “centrists.” Prof Greaney is one of this country’s preeminent Health Law scholars. Bio: http://law.slu.edu/faculty/profiles/profile.asp?username=greanetl

  3. Retired nurse on 31.07.2009 at 14:02 (Reply)

    Totally agree with Obama’s doctor on this issue. We, supporters of UNIVERSAL SINGLE PAYER, need to keep the pressure on congress and the president. The reform that is coming out of DC is doomed to fail.

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