Bill Clinton: “It would be, except most small businesses under this system will actually have lower costs. Keep in mind, most small…”

“It would be, except most small businesses under this system will actually have lower costs. Keep in mind, most small businesses are providing some health coverage to their employees now at astronomical costs. Many small business families are self-employed and insure themselves as self-employed. Self-employed people, under our plan, will get much lower premiums, much lower, because they'll be in big insurance pools. And they'll also get 100 percent deductibility for their insurance premiums, not 25 percent, for the first time. So those will go down. All employers who offer anything will have their employees go down now. Employees with groups under 50 will start out, most of them, paying less than $1 a day per employee for health insurance under our system. [Administrator Bowles stated the new plan would enable small business owners to provide comprehensive, low cost coverage.]”