Health authority adopts insurance subsidy plan
Friday, January 14th 2005, 10:07 am
By: News On 6
OKLAHOMA CITY (AP) _ About 70,000 Oklahomans who currently have no health insurance could get coverage under a plan adopted by the Oklahoma Health Care Authority.
Employees of businesses that have 25 or fewer employees will be eligible for the ``Premium Assistance Program'' in which the state pays 60 percent of the insurance premium. The business would pay 25% of the premium and the employee pays the remaining 15%.
Employees of businesses that don't take part in the program will be allowed to use a subsidy to buy into health insurance programs available to state employees.
The $150-million program is to be funded with $50-million from the increased tax on tobacco and an expected $100-million in federal matching funds.
Health officials say more than 660,000 Oklahomans have no medical insurance.