President-elect Barack Obama has said his plan for universal health coverage would reduce health care costs and save American businesses $140 billion a year.
A new analysis by PricewaterhouseCoopers’ (PWC) Health Research Institute predicts Obama’s plan would likely reduce the number of Americans lacking health insurance by about two-thirds.
It would do so largely by requiring big businesses to provide health insurance for their workers or else pay into a federal fund that would provide coverage. That could lead to higher costs for some employers.
Obama’s strategy to reform the American health care system requires all employers except start-ups and very small businesses provide coverage for their employees. It also contains a number of other requirements for businesses. Among them:
- In what’s known as a “pay-or-play system,” large employers would have to offer “meaningful coverage or make a meaningful contr...(register to read more)