Obama Health Care Will Destroy the Job Market and Private Insurance
The proposed health care plan will destroy the job market leading to higher unemployment and higher prices for goods and services. Without question, this is not the direction we need to go to the correct current health care system. This plan fails to address some of the most fundamental issues at hand.
Dick Morris stated the Obama Health Care Plan would…
• Force employers either to offer health insurance to their employees or pay a tax of 8% of their payrolls. This would apply to all with payrolls of $250,000 a year or more (basically every business)
• Reduce medical fees to the Medicare Schedule Plus 5%, driving doctors out of the profession and increasing the need for rationing.
• Raise taxes on all making more than $250,000 a year ($350,000 for a couple) with a surcharge. Rates will go as high as 45%.
• Set up a government owned health care plan to compete with private plans. Getting a subsidy, it will soon put the private plans out of business and we will have a single payer Canadian style system.
I agree with Mr. Morris for the most part, but there is much more to consider. He states that this would affect every business, but that is not completely true. Since the 1990’s sixty-eight percent of new jobs created are in small businesses of which many employ less than nine employees.
Many of these businesses fall below the $250,000 a year payroll threshold and would...
