Tuesday, November 2, 2010

HCR in action

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.

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