Valuing Good Health: An Estimate of Costs and Savings for the Healthy Families Act
The Healthy Families Act (HFA) would ensure that all eligible workers have a minimum of seven days of paid time off annually to take care of their own health needs and those of members of their families. This report presents an estimate of the cost of that Act and of certain cost savings it would provide to employers, to workers and their families, and to the broader community (Table 1). Several other likely benefits for which we currently lack estimation data are also discussed. Of course, the overall purpose of the Act is to reduce economic hardship of workers when they, or their family members, have medical care needs, and we are unable to calculate the value of that benefit.