BOSTON (AP) — Gov. Deval Patrick said Tuesday he will file legislation that would freeze unemployment insurance rates for Massachusetts businesses and end parts of the state's landmark 2006 health care law that is at odds with the federal Affordable Care Act.
Patrick said the bill would freeze the unemployment rates for the fourth year in a row, saving employers another $500 million. Over four years the savings for employers would amount to about $1.7 billion, he said.
Patrick's bill would also eliminate the annual $295 per employee that businesses with 11 or more workers must pay if they don't make what the state determines is a "fair and reasonable" contribution to their worker's health insurance.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
