gnomon
Well-Known Member
I have problems with a lot of it.
* The penalties for being unable to afford their "affordable" coverage.
Historically our government really has no clue as to what is "affordable" for the average American.
This bill will actually increase the hardship for many who already cannot afford it as they will have to pay for it anyway or face penalty.
*The idea that within 5 years there will still be any employer who offers insurance if this bill is passed into law.
I can only say that my GM would gladly drop our employee insurance coverage if he only had to pay 8% of our payroll as penalty.
It`s a deal to him.
I`ll have a look at the actual bill but these items just from the abstract are enough for me to pray for the quick demise of this idiocy.
Employers dropping their group plans worries me as well. I pay very little for my insurance coverage in premiums. Looking at my latest paystub I see it's not that much higher than my pretty low auto coverage on my 10 year old small sized pickup with good driver ratings. In other words I'm not putting my dollar amount out there but it's low.
Thing is, the price I would pay if I lost private insurance would be far greater and my income is not really that impressive. I also doubt the argument that if the group plan was dropped I would see an appreciable increase in my net income. Of course, then I could try to see how Obama is pushing for home ownership, yet again, for those who cannot afford it and I can become one of those statistics who tries to buy an unaffordable home hurting the economy even more! (small rant)
My biggest concern is still the wisdom of the federal government stepping into the health insurance field and assuming such costs when our economy is still poor, unemployment doesn't look to be subsiding and there are still derivative investments out there which can drive us down even more. The failure of the government to even take a reasonable stance to fix the issues with the market and spending more of it's time by essentially expanding the public sector is rather irresponsible.