physasst
06-24-2009, 06:37 AM
I was discussing the effects of escalating insurance costs the other day with a pol who will remain nameless, his conviction was that governmental involvement is worsening cost escalation. NOW, he may be right, but....small businesses are going broke.
I wish they would realize that they aren't factoring in small business. You know, the business model that republicans love to claim that they "love".....
http://www.rwjf.org/coverage/digest.jsp?id=10955
Premiums for workers in small businesses rose 74 percent from 2001 to 2008, according to the Kaiser Family Foundation. Additionally, about 10 percent of small businesses are considering dropping coverage next year, up from 3 percent in 2005, according to the National Small Business Association. The association also found that only 38 percent of small businesses provided coverage last year, compared to 61 percent in 1993.
So only 38 percent of small business employees had employee sponsored health coverage in 2008, and another 10% are considering dropping it.
One problem is that the very definition of a "small" business seesms to vary considerably in the IRS definitions depending on the industry. Some companies with up to 500 employees are still considered "small" businesses. But for the purposes of this discussion, we will limit it to those businesses with less than 100 employees, now with that, we consider that companies employing less than 100 employees had about 41,839,701 paid employees in 2004 according to the census at that time.
http://www.census.gov/epcd/www/smallbus.html
Now, we think about only 28 percent offering healthcare benefits, and that means only 11,715,116 employees GET healthcare....
conversely, 30,124,585 people will get NO employer sponsored health insurance. And that's based on 2004 numbers of empoyees, they are likely higher now.
Thoughts?
I wish they would realize that they aren't factoring in small business. You know, the business model that republicans love to claim that they "love".....
http://www.rwjf.org/coverage/digest.jsp?id=10955
Premiums for workers in small businesses rose 74 percent from 2001 to 2008, according to the Kaiser Family Foundation. Additionally, about 10 percent of small businesses are considering dropping coverage next year, up from 3 percent in 2005, according to the National Small Business Association. The association also found that only 38 percent of small businesses provided coverage last year, compared to 61 percent in 1993.
So only 38 percent of small business employees had employee sponsored health coverage in 2008, and another 10% are considering dropping it.
One problem is that the very definition of a "small" business seesms to vary considerably in the IRS definitions depending on the industry. Some companies with up to 500 employees are still considered "small" businesses. But for the purposes of this discussion, we will limit it to those businesses with less than 100 employees, now with that, we consider that companies employing less than 100 employees had about 41,839,701 paid employees in 2004 according to the census at that time.
http://www.census.gov/epcd/www/smallbus.html
Now, we think about only 28 percent offering healthcare benefits, and that means only 11,715,116 employees GET healthcare....
conversely, 30,124,585 people will get NO employer sponsored health insurance. And that's based on 2004 numbers of empoyees, they are likely higher now.
Thoughts?