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Monday, November 27, 2006

Health Insurance. It's the law?

The changes to Massachusett's health system under the sweeping Health Care Reform Act, passed this summer, haven’t been felt yet by many of the state’s employers, but they will be, predict health insurance companies, and health-care industry professionals.

Massachusetts has implemented the first stages of the Health Care Reform Act, a widely-watched, first-of-its-kind health-care measure designed to provide every Bay State resident with health insurance, in some form. If they don’t receive it from their employers, they themselves will be required to buy it. As of this past October 1, the law imposes fines for employers who don’t offer insurance and, as of next July 1, it will penalize individuals who do not elect to purchase it.

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