California's Health Insurance Act of 2003: View of the Market
20 Pages Posted: 3 Mar 2008
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.
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