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A Corporate Strategy For The Uninsured Coalition Eyes More Coverage; GE, McDonald's among; those working to convince insurers to lower their rates.(HEALTH & MEDICINE)

Investor's Business Daily

| June 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: AMY REEVES

In an election year, the statistic always comes up: 43 million Americans have no health insurance.

Usually the debate rages over what government should do about it. This year some of the country's largest businesses are banding together to try to widen coverage for their workers, ex-workers and dependents.

"In a crisis moment, business owners have seen the light," said consumer advocate Jerry Flanagan of the California Health Consensus Project, which lobbies for universal coverage.

Some 50 corporate heavyweights, including IBM, General Electric, McDonald's, General Motors and Textron, have agreed to form a health-insurance buying pool for those who aren't covered.

The pool targets part-time workers, ex-workers whose COBRA has run out, retirees under age 65, contract workers and younger folks who've outgrown their parents' coverage. The group estimates 4 million people might qualify.

The idea emerged last year from the HR Policy Association, or HRPA, a group of about 200 top companies.

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