Obama Says Health Insurance Overhaul Would Aid Small Businesses

President Barack Obama said creation of an insurance exchange combined with tax credits would help extend health coverage to about 13 million small-business employees who now lack it.

Obama released a study today by the White House Council of Economic Advisers that concluded that many of the nation’s 27 million small businesses don’t have the bargaining power of corporations and as a result pay as much as 18 percent more for employee health insurance plans.

Those are “costs that eat into their profits and get passed on to their employees,” Obama said in his weekly radio and Internet address. “As a result, small businesses are much less likely to offer health insurance.” .... baca selengkapnya