One of the biggest issues facing both the State of California and business is the cost of health care. For business it is the need to control variable costs of health care insurance. For the state it is to control the cost of uncollectable emergency services. 19 million people are underemployed and under insured. A family of four can cost upwards of $1000 a month and higher, and have rationed care deductibles per year that have to be satisfied. Those insurance fees drive wages.
In Massachusetts they have controlled those costs by implementing a universal insurance for everyone and gaining cost concessions from insurance companies. That is the answer to so much that is driving Silicon Valley profits yet we do not discuss it.
Healthy workers are more productive and allowing small business to offer benefits makes for lowering unemployment. Massachusetts has proven it works.
I am saying this today because Silicon Valley leaders are meeting today to discuss their discontent with State leaders.
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