For Release — June 30, 2008
Business Council supported bill helps keep health care affordable for sole proprietors
ALBANY- The state legislature enacted legislation strongly supported by The Business Council of New York State and the Chamber Alliance of New York State that will help to keep health insurance affordable and available for sole proprietors.
The bill (S.7550-Seward/A.10656-Morelle) extends, until 2011, the maximum premium rate differential established for group coverage for individual proprietors who buy group health insurance through associations.
“Associations, including the several hundred chambers of commerce across New York State, are often the only resource for sole proprietors to access affordable health insurance coverage. As the cost of health care coverage in general has increased dramatically over the past ten years, fewer options are available to sole proprietors, said Margaret Moree, director of federal affairs for The Business Council. “Chambers of commerce provide a vital service to their members – and to the greater public policy goal of ensuring that health insurance coverage is made available in an accessible, affordable means, to small businesses and sole proprietors.”
Thousands of sole proprietors obtain health insurance coverage this way. This legislation means it will remain affordable and accessible.
The Business Council has supported this kind of legislation since 2001 and 2002, when a rate differential was first enacted.