On the ropes, Calif. Gov. Davis approves monumental health care bill
Sacramento Bee reports; “Davis approves health care bill.”
“Gov. Gray Davis, fighting for political survival, signed a landmark law Sunday that will require many California companies to buy employees health insurance and extend coverage to more than a million uninsured workers.”
“The measure, bitterly opposed by businesses, will compel all firms with 200 or more employees to buy medical coverage for workers and their families by 2006. Companies with 50 to 199 employees must purchase insurance for workers by 2007.”
Sounds great (at first), but what does it do about reining in costs? Now there will be guaranteed demand for insurance, providing a price support. What about the disparate rates being offered to different companies? Does this discourage entrepreneurship and self-employment?
