Sunday, October 4, 2009
Obama: Health Insurance Reform Would Help Small Business
By Scott Wilson
Posted by Michael Rivezzo
President Obama used his weekly radio address Saturday to appeal to small business owners, arguing that his health-care reform plans would push down the cost of insurance coverage they provide to employees.
As Congressional Republicans warn that Obama's health-care reform goals would raise taxes on the middle class, the president said the state-run insurance exchanges contained in legislation now moving through the Senate would save small businesses money.
Obama said that, because they have less bargaining power, small businesses spend 18 percent more on average than large companies for the same insurance plans.
He said the proposed insurance exchanges would provide small businesses with "a marketplace where they can compare the price, quality and services of a wide variety of plans, many of which will provide better coverage at lower costs than the plans they have now."
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