Senate recently approved the health care reform bill. The state senate said that the health care legislation enhances economic growth by providing small businesses with immediate health care cost relief they need to retain and create jobs.
A study released by the UC Berkeley Center for Labor Research and Education survey stated that small bussinesses with less than 50 employees account for 44 percent of the state’s total uninsured working population.
The Health care reform bill provides a lot of benfits to employees of small businesses as well as helps small business, which are facing some finacial problems by providing loans. small-business owners from california may get benefits of health care reform first as billions of dollars in federal tax relief becoming available to help them purchase medical coverage for their employees.
It is estimated that the legislation delivers a premium relief of about 10 to 15 percent for small businesses to save and reinvest in themselves and their workforce.