Secretary Kathleen Sebelius Says Reform is Good For Business
December 2, 2009 – 3:47 pmYesterday, Health and Human Services Secretary Kathleen Sebelius issued a statement on the “Benefits of Health Reform for Businesses.” A copy of the Statement is available online with links to supporting documentation.
Secretary Sebelius states that a November 30 letter to Senator Evan Bayh from the Congressional Budget Office on the impact of the Patient Protection and Affordability Acts supports claims from legislators that “[s]mall businesses are likely to see premiums drop by 1 to 4 percent under the proposal.”
Premium savings will come from larger risk pools and lower costs owing to administrative savings and increased competition. The statement also concludes that an additional 3 percent in premium savings will come about as the risk pool improves.
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