Premium
California's Health Insurance Act of 2003: View of the Market
Author(s) -
ABRAHAM STEVEN E.,
VOOS PAULA B.
Publication year - 2008
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/j.1468-232x.2008.00517.x
Subject(s) - shareholder , mandate , health insurance , business , differential (mechanical device) , state (computer science) , actuarial science , labour economics , differential effects , health care , finance , economics , law , economic growth , corporate governance , political science , medicine , engineering , algorithm , aerospace engineering , computer science
This “play or pay” mandate would have required California employers to either provide medical insurance for their employees or pay into a state insurance fund. Although the law ultimately did not go into effect, movements in shareholder wealth provide evidence about the differential effects of such health‐care mandates on various types of employers. Large or unionized firms had no negative effects; expected profits declined most for firms with 50–199 employees.