Originally Posted by Rylan1
If everyone were insured... healthcare would be less because hospitals would no longer have to cover the costs of those who have no insurance.
Wrong in my opinion and here is why....study the plan...read on regarding the downfall of this experiment of the mind
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.
Second, an employer mandate locks us further into an employment-based health insurance system at a time when there is a growing bipartisan consensus that we should be moving in the opposite direction. There is no logical reason for tying health insurance to employment. There are many good reasons for not doing so.
At the same time, he looks right to call for a Massachusetts-style insurance "connector," an idea being promoted by the Heritage Foundation among others. (Obama calls it "an exchange.") The exchange would allow workers to purchase individual health insurance with pre-tax dollars, leveling the playing field for individual insurance and giving workers the chance to buy personal and portable insurance — a good idea. The problem is that "exchanges" are also regulatory bodies. Indeed, Obama wants the "exchange" to regulate all sorts of things, including minimum benefit packages, premium caps, limits on copayments