Quote by Karen Mills
Small businesses pay 18 percent more than big businesses for health care, the same health care, just because they're small and they have too small a pool of risk.
Summary
This quote highlights the disparity in health care costs between small and big businesses. Small businesses are forced to pay a higher premium, around 18% more, for the same level of health care coverage as larger businesses. This increased cost is attributed to the smaller size of the pool of employees and the resulting higher risk associated with insuring them. This discriminatory pricing ultimately puts small businesses at a disadvantage, making it challenging for them to provide competitive benefits to their employees.
Topics
Health
By Karen Mills