Reform Reality Check: Reform will benefit small business – not burden it
Christina Romer, Chair of the Council of Economic Advisers, debunks the myth that health insurance reform will hurt small businesses. To the contrary, reform will ease the burdens on small businesses and help level the playing field with big firms who pay much less to cover their employees on average. August 10, 2009. (Public Domain)
Duration : 0:3:17
Recommended Reading
- Business Insurance Agents
- Schiff Town Hall – Private Plans Will Grow, as Costs for Small Business Decrease
- Business Insurance Agents Know the Difference Between What and Why
- NEW YORK SMALL BUSINESS OWNERS SUPPORT CHOICE OF A PUBLIC HEALTH INSURANCE PLAN
- Business Strategic Development (ebook)
Enumerated powers. …
Enumerated powers. The Constitution grants the federal government about thirty-five specific powers eighteen in Article I, Section 8, and the rest scattered throughout the document. (The exact number depends on how you count.) None of those powers seems to authorize control of the health care system outside the District of Columbia and the federal territories.
The current system …
The current system doesn’t work at all, something’s gotta change. The knee-jerk reaction by some business may very well be to lay off employees as a kind of “fuck you” to the government if this does pass. Eventually, though, it HAS to change.
How does one “move forward” when being paid the equivalent of slave wages? It’s a never ending cycle.
I find it’s very easy for people to talk about personal responsibility when they are on the HAVE side of the fence, as opposed to the HAVE NOT.
Effedup,
So why …
Effedup,
So why don’t you just give up? No one is blaming the people. Take personal responsibility for your situation regardless of who created it, and move forward. Overhauling health care isn’t going to solve your problem. It may only make it worse if your employer has to lay you off due to the increased overhead created by the new law. You should be hoping it doesn’t pass.
Financial literacy …
Financial literacy be damned, in this day and age it is simply not possible to live on those wages. Given the job market out there, I think it’s kinda ridiculous to be simplistic and say “find a better job”. Hell, I know people with college degrees delivering pizzas right now for 8 bucks an hour…
You can only blame “the people” so much. The people that run the system need to change their ways as well. Paying $100 for Insurance out of a $600 check every two weeks is RIDICULOUS.
Your problem isn’t …
Your problem isn’t going to be solved with this healthcare bill. You need to find a better job. Financial literacy is another piece of this. If people learn how to live within their means, then they don’t need handouts. We don’t need to overhaul the entire system for the problems of a few. Legitimately, there are only about 5 million who aren’t getting healthcare that should. We don’t want to pay for illegals to get healthcare. they need to be legal immigrants first.
Dude, I don’t EVER …
Dude, I don’t EVER go to the doctor unless it’s near life threatening. I can’t afford the co-pays and deductibles.
Thank Christ doctors at least acknowledge that medical attention is cost prohibitive and give me “free samples” of my prescription medications when I need them.
People need to understand that 20% of our ENTIRE COUNTRY makes less then 20 grand a year. That’s 60 million people…
Could you support yourself AND afford adequate medical care on that?
watch?v=23fdvk3_NxQ …
watch?v=23fdvk3_NxQ
if ‘liberals’ still think this is a left right issue I suggest you listen to the above link. I would also encourage you to read the book ‘propoganda’ put out by the CIA in the 1960′s about TV being used as a brainwashing tool. Don’t you guys every wonder why you repeat the same exact arguments from the TV? Have you ever thought about doing research on your own? It hard to admit your political ideology has been brainwashed, most of you don’t even create your own thoughts.
I think this lady …
I think this lady needs to preventive healthcare.
Effedup,
If you pay …
Effedup,
If you pay cash for your visit to the doctor’s office, then you will find that you can negotiate a 50% discount off their normal rate because of the savings on administrative overhead. If we didn’t go to the doctor for every single sniffle, then rates would also come down. That is why an Health Savings Account and its companion health insurance plan is really the best solution and saves everyone more in the long run.
An hour at the …
An hour at the doctor’s office can cost 300 or more bucks, add in the 100 bucks or so for the meds, and it’s pretty mucha foregone conclusion that insurance is needed for EVERYTHING.
Maybe you are fortunate enough that you can just drop that kind of money out of pocket without a second thought, but most people can’t.
Not to mention that the “how are you going to pay” aspect of insurance already dictates what kind of treatment you can get. Money shouldn’t have anything to do with healthcare
The NFIB also …
The NFIB also opposes this reform. They say that the punitive payroll tax would cost 1.6 million jobs at a minimum, with just an employer mandate alone. This is a tax that employers would pay regardless of whether they are profitable, which could putting some of these employers out of business. It is also be imposed on small business that already offer insurance to their employees but dont meet the premium contribution requirements (72.5%-individuals; 65%-family plans).
Small business …
Small business groups oppose this reform. The U.S. Chamber of Commerce letter, signed by a number of small business groups, says, We are specifically concerned with a proposal to mandate that employers either provide health insurance or pay a new eight percent payroll tax. The House pay or play proposal is even more troublesome because employers are also mandated to pay the majority of employee premiums. Exempting some micro-businesses will not prevent this provision from killing many jobs.
There is no doubt …
There is no doubt that health insurance costs are skyrocketing. We are misusing the insurance. We expect it to pay for everything. Insurance is a tool for transferring risk, not to be a privatized social program. Turning it into a public social program isn’t going to solve the problem, it will only make it worse because demand exceeds supply, and the taxpayers will have to pay for the further skyrocketing costs. A better solution is financial literacy and better use of the HSA insurance.
My parents owned a …
My parents owned a small business with 8 employees for 30 years, and providing health care for their employees became extremely difficult because of what seemed like exponential cost increases. Eventually it became one of the biggest drains on the business.
I don’t think people understand how difficult the current system is on the average small business, and the myriad issues that causes for the rest of Americans. In my opinion, at this point anything to reduce costs is long overdue.
My sister in law …
My sister in law works for an insurance company, granted one that’s state run, and she writes off tens of thousands in medical bills each and every day because the people receiving the care are indigent and there’s never going to be a payment. Ever. You think homeless and poor people are gonna just pay a $5,000 ER bill?
Might as well put a system in place so the hospital can collect SOMETHING, because like it or not, people deserve the right to health care if they are ill.
The reason why …
The reason why insurance is so high is because A) They can charge whatever they want and B) rising hospital fees due to the uninsured getting health care, which is in turn passed along to the consumer. If someone covered those costs other then the hospitals “eating” them, then hospital fees would (should) go down, and in turn so would (should?) insurance premiums.
We pay for it regardless. We wanna nip it in the bud, we need to go to the source, not 3 steps down the line.
we need more …
we need more attractive government employees.
obama 2016!!!
That is why this …
That is why this bill is so bad, it taxes people if they choose not to participate. Lowering their take home income. What the government should be doing is changing the way insurance is regulated. If they would allow people to buy insurance plans from any company(making it more like car insurance) it would increase competition and prices will come down. They come down because consumer will have the power of choice, influencing how much business a company will get based on prices.
You are right, …
You are right, group buys are unfair to smaller insurance companies. You are looking at it wrong though, the whole reason insurance is so expensive, is because the government subsidizes companies. Just like college costs. They have gone upp because of govt subsidies. When the govt subsidizes heavily, it takes away consumer purchasing power and competitiveness. The company will get paid regardless, because the govt pays.
Guess that says …
Guess that says something about the employer, doesn’t it? They and complain when minimum wage gets increased, too, even though everyone knows it’s not a real living wage.
A lot of retail and lower income places ALREADY put limits on who qualifies for the group bought insurance, a lot of part timers get for insurance if they even are allowed on the plan, and full timers have to wait a year sometimes for eligibility.
Aren’t group buys unfair to small business anyways?
liar
liar
It is not just …
It is not just about the individual. It is about companies that do group buys for their employees. If they stick with a private insurer, they have to pay a payroll tax ON TOP of the private plan. Companies will eventually dump private plans due to the cost. I would just prefer they keep there hands out of our pockets.
YouTube and Google …
YouTube and Google generation- you helped us elect our leader- Obama! Now do the right thing and report un-American comments to FlagatWhitehousedotGov. He has asked us to stop the dissent and shut people up!
“Why would you pay …
“Why would you pay for private insurance when you’re also gonna pay for the public option”
Because everyone pays, and everyone collects. Regardless. It’ll be there for you, too, when your Private Insurance decides they’re just gonna drop you when you get REALLY sick and they don’t feel like covering you anymore.
People with kids in Private School pay property taxes that fund Public Schools, because even if they don’t use them, they COULD. They have the CHOICE.
My friend has 2 …
My friend has 2 plans – hers & her husbands. She STILL owes over $100,000 after a month in ICU. She almost DIED & now has to deal with collection agencies! That can happen to anyone- & frankly I hope it happens to the people on here who are against the public option – people like that only “see the light” when it affects them. We The People don’t just exist so Bill McGuire can have his 1.6 BILLION DOLLAR Bonus. We The People can do better than that.