Read the text of President Clinton's September 22, 1993 address to a joint session of Congress.

Questions

1. Under Clinton's proposal, who would be responsible for paying for health insurance?
2. How does this argument relate to the theory of compensating wage differentials presented in the text? What does this theory predict would happen to wages in labor markets in which health insurance is introduced?
3. Why might the impact on minimum-wage workers be different than the effect on higher-wage workers? Explain.