Massachusetts. The state senate has approved a bill that would require wealthy hospitals to pay $100 million in a one-time contribution to help small businesses pay for health insurance premiums. The bill would let businesses with 50 or fewer workers form cooperatives to purchase insurance at a lower cost. The money paid by wealthier hospitals is estimated to save small businesses 2.5% in premium costs. Another provision of the bill requires that insurers spend 90% of premium dollars on care and 10% or less on administrative costs. For more information, visit http://www.mass.gov/legis/.

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This entry was posted by Adam V. Russo on Monday, June 28th, 2010 at 1:31 pm and is filed under Health Care Legislation, Massachusetts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.