Thaindian News

BOSTON, MASSACHUSETTS (BNO NEWS) – Massachusetts Governor Deval Patrick called on Legislature to pass the Jobs Bill that will lower premiums in order that small businesses could create jobs in the state, the Office of the Governor announced on Wednesday.

“Without small business, there will be no economic recovery. If they don’t start hiring, complete economic recovery will elude us. Next to access to capital, soaring health care costs are the consistent reason given for why they can’t see their way to add more jobs,” Governor Patrick said.

The Governor’s proposal remarks that health care costs increases should be prevented, for both families and small businesses. Any increase in premiums or duplicative or unjustified administrative charges will be disapproved unless there is a compelling reason that indicates otherwise.

In addition to these measures, the Jobs Bill encourages individuals to maintain their health insurance and will also give tax credits for businesses that create new jobs.

Insurance Commissioner Joseph Murphy was entitled with the task of conducting hearings to review the double-digit premium increases that haunts Massachusetts’ small businesses.

“The Governor’s proposed legislation will reduce these high increases in health insurance costs, and create the flexibility for small businesses to grow and thrive in our recovering economy,” Commissioner Murphy said.