Nothing like passing on the savings to the consumer. I'm in the Army and I pay more for my health care than $295 annually, what kind of "care" are we talking about for these people? What if the bird flu hits the state all at once, how far is that money going to go? What about the unemployed? Is the plan transferable? What about seasonal employees, do the companys pay the same rate for someone who works 3-4 months as opposed to 12?
On further thought the business will simply pay the 295 and not offer health insurance to gladly dump the employees on this new state plan instead. Much less cost to the business.