Commissioner Joseph G. Murphy, Division of Insurance
Today, the Division of Insurance begins a schedule of six hearings on small business health insurance costs with a session in Hyannis. As part of Governor Patrick’s reform of small-market health insurance, these hearings will give us the opportunity to hear directly from small business owners how they have been impacted by increases in insurance costs.
We have heard informally from many business owners and organizations about increases in health insurance. In our current climate, an increase of 10 or 12 percent is considered “good,” especially compared to the 20, 30, 40, even 50 percent increases some companies have been facing.
Small business is the engine that drives our state’s economy, and as we continue our economic recovery, small business needs to be given the best possible environment to thrive and grow. Ending these skyrocketing insurance increases is one part of the Governor’s plan to support small businesses and create jobs in Massachusetts.
As we travel throughout the state this week and next Monday, we want to hear from as many small business owners as possible. You can see the entire schedule here. We will update this blog as often as possible, telling the stories of businesses facing these large increases, and we will be sending small updates on our Twitter feed @Mass_Consumer.
We’re looking forward to a good week of hearings, and we look forward to your input.