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Propositions 214 and 216 Would Result in Lost Jobs, Increased Health Costs, According to Study Prepared by Barents Group LLC for Taxpayers Against Higher Health Costs.
SACRAMENTO, Calif.--(BUSINESS WIRE)--July 22, 1996--As many as 60,000 jobs could be lost by the year 2003, due to increases in the cost of health care; insurance premiums for many health plans could increase by nearly 15 percent; California employers could be hit with health cost increases of as much as $2.7 billion -- with small businesses bearing more than 30 percent of that increase; and taxpayers would be hit with hundreds of millions of dollars in higher costs.
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