Mar 11, 2004 -- Sam's Club offering health insurance for SBOs
If you own your own business, you know how hard it is to get good, affordable health care. It’s a topic that underlies this year’s presidential election because people are concerned about affordable health care. Economists have proposed a new theory that the job market has remained so crummy because of the cost of health care. Companies that would normally hire people full-time are choosing to hire contractors and part-time workers because health care is so expensive. GM just announced that medical care for its retirees has just crossed the $60 billion mark. So, if it’s happening to the bigger companies, it’s hurting the small business owner even more. Families USA reports that people are also getting ripped off everywhere because they buy into phony health insurance plans that cost less. You may not know it, but Sam’s Club is now experimenting with group health insurance offerings for small businesses. They’re trying it in 10 states initially. They are: California, Georgia, North Carolina, Illinois, Iowa, Indiana, Missouri, Ohio, Tennessee and Wisconsin. So, companies with fewer than 100 workers will be able to try it out. If it works well, they will offer it in the other 40 states. The idea is people will have group buying power and will be able to participate in a PPO. And Clark is excited about this opportunity for you!
