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A Costly Miss Worcester Business Journal
Strength insurance costs are set to explode once again in early 2010, and we’ve read the horror stories in recent reports about minor businesses being hit with increases of as much as 47 percent.
As convincing as health insurance companies are in their justifications, such increases are no less evil. So, it was a bit of a surprise to us that not a single small business owner showed up for a hearing held at Worcester State College by the voice Division of Insurance. The hearing was run by Joseph G. Murphy, the state’s acting commissioner of insurance, and was designed to give businesses an occasion to voice their concerns about the rapidly rising cost of health care. The division, it seems, would like to do something about that.
About 20 people showed up, mostly representatives of the specify legislature, insurance brokers and small business advocacy groups like the state chapter of the National Coalition of Independent Businesses and the Small Business Service Bureau Inc.
