Obama's failure at healthcare a disaster

iVillage Member
Registered: 12-17-2006
Obama's failure at healthcare a disaster
8
Wed, 09-17-2008 - 5:29pm
But if Obama's new health-care plan is an example of this new politics, give me old fashioned partisan bickering and gridlock anytime.

That plan, unveiled Monday in Des Moines, is a dog's breakfast of bad ideas from Left, Right, and center, topped with an unhealthy amount of wishful thinking. If enacted it would cost Americans dearly — in higher taxes, lost jobs, reduced freedom of choice, and lower quality health care.





From the Left, along with the usual mishmash of increased subsidies, Obama, has taken the idea of an employer mandate. Obama would establish a "play or pay" system under which employers would be required to provide their workers with health insurance or pay a payroll tax to fund government-provided insurance. There are two big problems with this approach. First, it flies in the face of basic economics. The amount of compensation a worker receives is a function of his productivity, and an employer is indifferent as to whether that compensation is in the form of wages, taxes, health insurance, or other benefits. Such a mandate simply increases the cost of hiring workers without increasing their productivity. Employers will therefore have to find ways to offset the added costs. This they can do by raising prices, lowering wages or reducing future wage increases, reducing other benefits such as pensions, or hiring fewer workers. Almost certainly, employees will be the net losers under such a mandate, with the low-skilled suffering most.

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iVillage Member
Registered: 07-05-2006
Wed, 09-17-2008 - 5:39pm

Please credit the source of your post.


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iVillage Member
Registered: 09-09-2008
Fri, 09-19-2008 - 12:04am
Obama is also planning to tell companies how many paid sick days they are required to give employees. You left out one other way to offset the added costs....move the company to another country where it is cheaper to do business.
iVillage Member
Registered: 09-08-2008
Fri, 09-19-2008 - 12:08am
The same one that says black people should jump off bridges and will start race wars if Obama loses;)

iVillage Member
Registered: 08-24-2008
Fri, 09-19-2008 - 12:29am

For those interested, the

 

iVillage Member
Registered: 08-24-2008
Fri, 09-19-2008 - 12:30am

~Please credit the source of your post.~


I went ahead and did it for her (see my post above).

 

iVillage Member
Registered: 08-24-2008
Fri, 09-19-2008 - 12:40am

As an aside, that is quite a website you posted from.

 

iVillage Member
Registered: 07-05-2006
Fri, 09-19-2008 - 8:49am

Thanks for crediting where the other poster got the info from.

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iVillage Member
Registered: 07-03-2008
Fri, 09-19-2008 - 8:58am

And here is the culprit who wrote this!


http://www.cato.org/people/tanner.html