Healthcare Overhaul Could Save Money and Boost Jobs, Researchers Say

Health insurance reform will do more than provide coverage to millions, make health insurance more affordable, and slow long-term growth. It will also create jobs. According to two new studies, reform will slow cost increases for businesses, and free up money for raises and new jobs.

Following is an excerpt from a story by Duke Helfand, published in today's "Los Angeles Times":

“National healthcare legislation in Congress could slow the growth of medical costs, allowing employers to create 250,000 to 400,000 new jobs a year over the next decade, economists from Harvard University and USC are predicting.

"Wading into the hotly debated issue of whether the legislation is a job creator or a job killer, researchers from the two universities say that the reforms under consideration would slow the rate of cost increases and free up money for companies to raise wages and hire more workers.

"Specifically, healthcare savings could be achieved through proposals for greater competition in insurance markets, better coordination of care and shrinking administrative expenses, they said in a report to be released today. With those changes, employers could then reallocate money now spent on ever-growing premiums to other business priorities.”

To read the full story, go to: http://bit.ly/HealthcareOverhaul

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* President Obama's Plan for Health Insurance Reform: http://www.whitehouse.gov/issues/health-care

* President Obama’s Weekly Address, "Health Insurance Reform, Small Business and Your Questions" [07/24/2009]: http://bit.ly/WeeklyHealthReformSmallBiz

* Health Insurance Reform Reality Check: http://bit.ly/HealthReformRealityCheck

* How Health Insurance Reform Will Help Small Business: http://bit.ly/SmallBizHealthReform

* Video: "Health Reform Will Benefit Small Business -- Not Burden It": http://bit.ly/RealityCheckSmallBizVideo

* Report: "The Economic Case for Health Care Reform": http://bit.ly/EconomicCase

* Report: "Helping the Bottom Line: Health Reform and Small Business": http://bit.ly/HelpingTheBottomLine

* Report: "Insurance at Risk: Small Business Employees Risk Losing Coverage": http://bit.ly/InsuranceAtRisk

* Report: "Lower Premiums, Stronger Businesses: How Health Insurance Reform Will Bring Down Costs for Small Businesses": http://bit.ly/StrongerBusinesses

* Report: "The Economic Effects of Health Care Reform on Small Businesses and Their Employees": http://bit.ly/EconomicEffects

SOURCES: Council of Economic Advisers, HealthReform.gov, Los Angeles Times, WhiteHouse.gov
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