News Headlines Article

California Bill Would Penalize Large Companies That Don’t Provide Health Coverage

As California gears up for Obamacare, a bill in the assembly would penalize large companies for not providing health coverage to their workers. Supporters say the measure would close a big loophole. The Affordable Care Act penalizes companies whose refusal to provide coverage prompts workers to buy insurance on the open market. But it doesn’t punish employers whose workers are forced to apply for public programs like Medi-Cal. The Assembly bill would fine companies with more than 500 employees who fall into the latter category.