On Shearing Sheep

For the wheat farmer, electrical contractor, and 20-person law firm, the strategic calculus now goes something like this: “I think I just lost about 20 percent of next year’s income to pay for more income, health-care, state, sales, and payroll taxes, so I won’t be buying that tractor, doing any more Saturday jobs, or hiring that new litigator.” Worse still, many may add, “I will begin reducing or hiding income, avoiding taxes, and dealing in barter to save my business — rather than paying for vast new dubious entitlements for someone else.”

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4 Comments

Filed under 0bama, money, Opinion, politics

4 responses to “On Shearing Sheep

  1. forest

    This will be a catastrophe. Small businesses will have a powerful disincentive to grow and/or add employees. Some will need to scale back an fire people.

    And not surprisingly, Obama has been um, deceptive, with his claims of a “level playing field” between private insurers and the State.

    Somebody actually read the bill, and it turns out we will only be “allowed” to keep our private insurance under certain conditions:

    On page 16, “Limitation On New Enrollment”: “‘Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day” of the year the legislation becomes law.’

    So we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won’t be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers.”

    http://www.ibdeditorials.com/IBDArticles.aspx?id=332548165656854

  2. JB

    There’s been some questions about that IBD editorial, but they’re moot. Within two years of passage of 0bamacare emplyers will stop offering health care insurance because the 0bamacare program costs them less.

    It’s not a bug, it’s a feature!

  3. forest

    We’ll see what they finally try to get passed. But like you say they are going to do away with private insurance (except for themselves) either by restrictions and “attrition” or they will take the Standard Oil monopoly building approach.

  4. forest

    I read through the sections of the bill covering limitations for private insurers, and it’s actually worse than the IBD editorial’s says. The real killer is on page 19 and would be a complete prohibition on limiting enrollment in private insurance due to pre-existing conditions. Anybody could just wait until they get sick and then buy insurance. Nobody would underwrite an insurance plan that could be accessed by anybody at any time. The provision would completely eliminate private insurance.

    http://edlabor.house.gov/documents/111/pdf/publications/AAHCA-BillText-071409.pdf

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