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Analysis of NY 'Fair Share for Health Care' Bill

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Publication Date:

Publisher(s): Center for Economic and Policy Research

Author(s): John Schmitt

Topic: Labor (Labor conditions, wages, salaries, and benefits)

Keywords: Labor markets; Marginal product; Monopsony

Type: Report

Coverage: New York

Abstract:

This paper is a brief analysis of the "Fair Share for Health Care" pay-or-play legislation proposal in the state of New York. The legislation would require most large firms (defined as those with 100 or more employees) to pay a $3 per hour tax on all employees; firms could avoid the tax by paying at least as much for health insurance. The proposal follows a recent law aimed at much larger firms (those with 10,000 or more employees) in Maryland.