Obama's failure at healthcare a disaster
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Obama's failure at healthcare a disaster
| 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.


Please credit the source of your post.
For those interested, the
~Please credit the source of your post.~
I went ahead and did it for her (see my post above).
As an aside, that is quite a website you posted from.
Thanks for crediting where the other poster got the info from.
And here is the culprit who wrote this!
http://www.cato.org/people/tanner.html