Massachusetts Update
The untold story of the Massachusetts reform is that the small business community has been paying more for health insurance since the commonwealth’s 2006 reform merged sicker individuals into the same risk pool. The legislature has only made matters worse by passing 12 additional mandated benefits since 2006, a cost borne completely by small companies and individuals.
Now the future looks even bleaker for small business. Not only will their highest-in-the-nation premiums go up because of these new [ACA] regulations, but they will be paying on average $8,000 per family, per plan more in taxes over the next ten years.
More from Josh Archambault.
The truth about Massachusets, the pesky thorn in Mitt Romney’s presidential ambitions.
I don’t see how adversely affecting small business is going to end up helping the individual.
Good post that illustrates more truths about Massachusetts reform and how all of this is passed for obvious political gains.
Well at least you have health care. In mother Russia, patients treat the doctor.
$8,000 more per family, per plan? That is steep. Allow me hypthosize…the additional health care expenses will push a large number of Bay Staters below the federal poverty threshold thus increasing other public expenditures. I feel bad for all the Taxachusetters!
Romneycare. Shame on him.
News Flash: When the government gets involved, costs go up! $30,000 on a hammer, $50,000 on a toilet seat and $100,000 for a “100 Grand” candybar…yep!
Taxachusetts indeed.
Government mandated benefits are the real culprit behind the high cost of health insurance. I which less airspace was devoted to the “individual mandate” and more to these minimum coverage mandates (largely bought through special interest lobbying).
This news just upsets me. Small to medium size businesses are the largest and fastest employer, why are we strangling the goose that is laying so many golden eggs.
I agree with Sandeep, why are they crippling the sector that employs the most number of americans and have the greatest potential of building communities. This is unfair on the small players who are just trying to practice good business.
$8,000 a year per family? I guess none of you who have employer health care are clueless as to its costs. Most large companies with competitive health insurance plans would love to be paying only $8000 per family