Thursday, July 12, 2007

Economic Impact of California Reform

UC Berkeley News shares results of a report by university researchers about the economic impact of the two major statewide health care reform plans under consideration in California.

Their study concludes that neither plan will mean job losses in California, and it forecasts that most firms will experience little or no net change in business operating costs after a short adjustment period. Increased operating costs related to increased health care provisions are likely to be absorbed through increased productivity, modest price hikes for consumers and delayed wage increases for workers earning more than minimum wage, the report says.

The article summarizes findings in the report, "Health Coverage Proposals in California: Impact on Businesses." The report was authored by researchers at the University of California at Berkeley's Center for Labor Research and Education, and it analyzes Gov. Arnold Schwarzenegger's health care reform proposal and Assembly Bill 8 (AB 8).

The story also includes a link to the full report.

SOURCE: "Study Predicts Positive Net Economic Impacts of Key Health Reform Plans" 07/11/07

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