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Thursday, November 12, 2009

Report on Health-Care Costs

http://online.wsj.com/article/SB125806031129845899.html
Democrats Herald Report on Health-Care Costs

In an effort to disprove how bad the new Health Care Disform bill is going to be, a round table discussion was held to determine what could be done to help reduce increasing health care costs. Since the round table was unable to state that the Health Care Deform bill will do what is necessary to reduce costs, they had to gloss over the problems by claiming that some of what is required to fix the problem is in the bill.

As usual for the political hacks and liars, what they didn't say was much more devastating than what was said.

http://mises.org/daily/3855
Obamacare is a Devastating Tax on the Working Class
Some of what they didn't say was that the bill will cause employers additional costs to have employees. So employers are likely to cut back on staff, or in some cases, close their business to avoid paying more than they are capable of earning. Plus, the way the Health Care Deform bill is worded, it is more profitable to fire the lowest paid employees. So in an effort to provide health care to low income earners, the Health Care Deform act will likely case many low income earners to lose their jobs. But maybe this is intentional as then they can go on welfare and all their expenses will be paid by anyone who is left who still has money.

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