Small Biotechs in California Save Big on Health Insurance Rates

Business of Biotech

There are many reasons companies decide to join trade associations. Whether it’s a long-term legislative advocacy priority, increased access to networking events or group-savings programs, the decision ultimately comes down to a company’s financial bottom line.

BayBio and BIOCOM, two California-based biotech trade groups, both of whom are affiliated with BIO, came together during the low point of the most recent recession, to establish a fund that created a healthcare insurance pool accessible by the groups’ members.

The fund turned out to be popular and wildly successful.

Ron Leuty talks more about this program, it’s impetus and benefits here. It’s certainly worth a read. Email me if you are interested in learning more about the fund.

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