As part of his fiscal 2000 budget, President Clinton has proposed a $44 million, 5-year project to help small businesses provide health insurance for their workers.
The program would apply to businesses with under 50 workers that did not provide health insurance to employees in 1997 and 1998. Companies that purchase health insurance through non-profit purchasing coalitions would receive a tax credit of 10% of the employers’s total contribution toward health coverage, up to $500 for a family policy and $200 for an individual policy. Foundations would also be allowed to grant tax-exempt contributions to the non-profit insurance purchasing coalitions.
