Valuing Good Health: An Estimate of Costs and Savings for the Healthy Families Act

Vicky Lovell

March 31, 2005
  • ISBN:
  • ID: #B248

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.