Thursday, October 7, 2010

1 million workers lose out on better coverage

"About 1 millions workers aren't going to benefit from a key provision of the health care law that would have increased their insurance coverage to $750,000 in 2011." This article is about the health care program that was put in effect. Companies such as McDonald's, Jack in the Box, and many other companies won a one-year exemption from the governments to raise the amount of insurance coverage after threatening to hike premiums or drops coverage from their employess completely. 30 companies (968,765 enrollees) were affected by this decision. Since this new health care reform affects so many people (968,765 people) what kind of affect do you think it will have on the economy as a whole? Do you see the effect being positive or negative? Why?

1 comment:

Mesaban C. said...

I see this as being positive in the short run, because people would be able to maintain the relatively similar level of their expenditures from the past year.