The Small Business Advocacy Council (SBAC) announced introduction of House Bill 3976, sponsored by Representative Karen May (D-Highwood), and Senate Bill 2885, sponsored by Senator Kwame Raoul, to authorize health care cooperatives in Illinois in an effort to stabilize health care costs for small business owners.
A health care cooperative (coop - consumer owned and operated plan) is a state-chartered, nonprofit, membership organization comprised of individuals and small employers joined together to operate as a health insurance issuer.
"The growth of small businesses and the economy continues to be undermined by the lack of affordable health care," said Elliot Richardson, SBAC President. "Too often small businesses are held hostage to large insurance companies imposing increasing or wildly-fluctuating rates without explanation or full disclosure of how their premium dollars are truly being spent."
The SBAC, a non-partisan, not-for-profit political organization, was established in 2010 to give small business owners, their employees and those with whom they conduct business with a voice in local, state and federal politics. The group represents more than 400 small businesses in the Chicagoland area.
http://www.marketwatch.com/story/small-business-advocacy-council-announces-introduction-of-health-care-cooperative-legislation-2012-02-09?reflink=MW_news_stmp
Hat tip: MarketWatch/ Wall St. Journal
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