Austin, TX — The Texas Association of Business (TAB) issued the following statement in support of Consumer Choice Plans, HB 1001 by Representative Giovanni Capriglione:
“We appreciate Rep. Capriglione for filing HB 1001. This legislation gives employers an additional, low-cost option for employer-sponsored health plans,” said TAB CEO Glenn Hamer. “TAB surveyed its members on issues related to health insurance, and 87% of employers said that health care costs are rising at an unsustainable rate.”
The memo on TAB’s health survey can be viewed at TxBiz.org.
HB 1001 by Rep. Capriglione gives Texas employers, especially small businesses, better and more affordable options for health care coverage. Overregulation and mandates hinder innovation and add costs to an already expensive system—forcing employers and families to bear the cost of one-size-fits-all coverage. Under HB 1001, employers will have more flexibility to choose insurance plans that meet their needs. Last session, the Legislature created new health coverage products that avoid government mandates and provided more choices for some Texans. HB 1001 builds on this work with new insurance plans that will be available to all families and all employers.
Under the bill, Texas insurers would still be required to meet all federal insurance consumer protections. But beyond those requirements, employers and families could choose what coverage works for them.
TAB is the Texas State Chamber, representing companies of every size and industry. The Association’s purpose is to champion the best business climate in the world, unleashing the power of free enterprise to enhance lives for generations. Follow TAB on Facebook, Twitter, and LinkedIn.
Media Contact:
Katie G. Zarate
Director of Communications
Texas Association of Business
kgreer@txbiz.org
512-550-5147