FINANCING HEALTHY CA - SB 562
5 Reasons for Businesses to support SB 562
- Cost Savings for Employers and Employees
- Improved Care - Better Workplace Performance
- Reduction in Human Resources Staffing
- Stimulation of Entrepreneurial Activity
- It's the Right Thing to Do
impact on businesses of transition to SB 562
- Small businesses (0-9 employees) that provide healthcare will save 22%
- Medium sized businesses (10-99) will save 6-13%
- Large businesses (100-499) will save 5%
- Very large businesses (500+) will save less than 1%
summary of economic analysis of SB 562
A brief summary highlighting the most important points from the full report.
- 18% savings from new efficiencies
- Gross business revenue receipts tax
- 2.3% sales tax with exemptions replaces
If you prefer to review the full 82 report, it is available here,