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[0:00] ..." This is rod Fritz in the WBZ newsroom I'm speaking with Massachusetts Governor Deval Patrick who today. Unveiled plans to reduce health insurance costs -- small businesses governor how's it gonna work."...
[0:25] ..." keep hearing small businesses -- annual dubbed it. Double digit increases in health insurance premiums so will look at perfect for this sin and we got some ideas about how to do. We asked the legislature"...
[2:13] ..." not about rate setting we saw that that introducing competition in the auto insurance. Market instead of rate setting actually has brought. More than a dozen new companies and in -- every variety insurance for its enormously important this. About adding insurers to explain themselves. Instead of just leaving it to. Small business owners and employees. Take it on the team you're acting year in -- that they are beyond. That they have no capacity to"...
[4:29] ..." Governor Deval Patrick of Massachusetts. I'm rod Fritz WBZ Newsradio 1030."...
[0:00]" This is rod Fritz in the WBZ newsroom I'm speaking with Massachusetts Governor Deval Patrick who today. Unveiled plans to reduce health insurance costs -- small businesses governor how's it gonna work."
[0:13]" Well it's an effective way economic recovery board yeah. And the best in most reliable engine of job creation and small business one of the biggest obstacles to small business growth. We keep hearing small businesses -- annual dubbed it. Double digit increases in health insurance premiums so will look at perfect for this sin and we got some ideas about how to do. We asked the legislature to give the division in insurance authority to review. He insurance premium increases and that the commissioner has been concerned that. Two have hearings. About what those increase but -- those benefits increases that make the insurance. Explain themselves and that get sucked it in the yet to business owners year year. Secondly the one and and the division of insurance. And the authority to -- simplified the small group leading rules. Four for small businesses -- for individuals. And insured as well so that we can eliminate. Any unnecessary. Administrative -- and then visit but more work that we want to divisions due. Get the best idea on cost control from the insurance companies and also did develop ideas around group purchasing cooperative. So that visitors can join together and get the bank and the buying power the big company."
[1:33]" Do you think that this might drive some insurance companies out of Massachusetts."
[1:38]" I don't I think that the area be the strategy -- some other states have been using their pursuing. And you know when you consider the fact that most of our business growth. Come from small and medium -- companies everything from mom and -- the companies that are torn thirty employees."
[1:57]" That we ought to pay attention -- reality is we make in the environment for that kind of and that's."
[2:03]" I asked that question only because I remember when the insurance department used to. Covering the rates for car insurance here in the commonwealth of this sounds similar to that."
[2:13]" Now it's not about rate setting we saw that that introducing competition in the auto insurance. Market instead of rate setting actually has brought. More than a dozen new companies and in -- every variety insurance for its enormously important this. About adding insurers to explain themselves. Instead of just leaving it to. Small business owners and employees. Take it on the team you're acting year in -- that they are beyond. That they have no capacity to control."
[2:47]" And we think that if there is that kind -- collaboration. And transparency. In the market."
[2:54]" It would just start to get some relief for law."
[2:57]" Are you gonna get the legislature behind you on this sure -- so I think the legislative leadership in many many of the members on this important. A small business to wear it to our economy. And the importance of the job that -- In small business to recover governor Tommy how excited you are about the president coming Friday. And that's going to be great I'm so looking toward children coming and I appreciate. Betty coming to help us with with the reelection campaign also the talk about some important initiatives that we didn't really getting the national. Four -- Course this kind of puts to rest rumors that you're not gonna run doesn't. Well I don't know where those romantic coming from I am I'm definitely got a -- it's -- time did you get that's for sure. -- NASA chooses it is so important to me."
[3:45]" In my life in transforming it in giving the sense of product and."
[3:49]" And open on the mistake was meant to of these really I know it's silly to make the wrong career path for years ago that patent doubtful. I didn't code doesn't get that long looks from people you know it if they are. Feeling sorry -- me but listen I'm going through governor challenging it is."
[4:08]" It just reform. And some in some ways not even compare not even -- contreras into the struggles people feeling in their own homes. In their -- lives and their -- workplace. And we will get through this so inept and together. And look forward. And continue to plan for a better tomorrow is the it was stronger."
[4:29]" Governor Deval Patrick of Massachusetts. I'm rod Fritz WBZ Newsradio 1030."
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