...He goes on to give some of the GOP alternatives.Next up is health care, which is in dire need of attention. But – perhaps unsurprisingly – the projected effects of Democratic proposals on business and jobs are dismal.
Take small business, for example. It’s often called the engine of the U.S. economy because it employs approximately one out of six Americans and provides $1.7 trillion in annual wages.
If we leave it to the Democrats, that engine will break down. A national mandate on small business to provide health care would eliminate 1.6 million jobs over a five-year period according to a study by the National Federation of Independent Business Research Foundation. Two out of three of those 1.6 million jobs lost in five years would be shed from small businesses.
Other studies have painted an even more troubling picture of the Democrats’ planned government takeover of our health care system. Based on a model developed by Council of Economic Advisors Chair Christina Romer, it is estimated that some 4.7 million jobs could be lost as a result of taxes on businesses that cannot afford to provide health insurance coverage.
Make no mistake: The Democrats’ proposal is a government-run health program and something that absorbs tax revenue rather than creates it, which will contribute to a prolonged recession.
The plan also will take away the health care plans millions of Americans already have. A June study by the independent Lewin Group found that 114 million Americans would be forced out of their current private health coverage under the House Democratic plan. So much for the President’s assurance that “if you like your health care plan, you’ll be able to keep your health care plan, period.”
Sponsors of the Democrat plan seem all too willing to ignore the fact that we can’t pay for the government-funded health care programs we already have. Consider Medicare: Its trustees recently reported that the Great Society program’s funds will be depleted by 2017. That’s two years earlier than the date they projected last year – largely because of the recession that Democrats seem to keep fueling.
Add to that dire prediction the new spending of their government-run health care plan – not to mention the equally troubled Medicaid and Social Security systems. You don’t have to have a Ph.D. in economics to see that our children and grandchildren will be paying for these programs for the rest of their lives.
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The Democrats now say they are going to finance this plan, as usual, with a tax on the rich, which really means mostly small business owners. It would be a surtax on those making over $280,000 a year. Even if it raised the money projected it would only pay half the cost of their program which will not even cover half of the uninsured. I can't imagine why voters would support such an expensive failure even if they can make the "rich" pay for it.
I have to admit, that I have never had a problem with my health care plans through the years so it is hard for me to see the need for a new program. My children are all grown and none of them seem to have any problems with health care coverage. Even people I know who don't have employer paid coverage or no coverage at all find a way to get their health care needs met.
When you also consider that a substantial portion of the uninsured are illegal aliens it strikes me that even the non rich would not support subsidizing their illegal status with health care programs that will only encourage further illegal immigration. I am surprised the GOP has not made an issue of this aspect of the program.
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