As the President’s Healthcare Reform plan heads for a showdown in the United States Senate, key players line up in their respective corners of the ring. Each side is calling on its heavy hitters to determine which way the country will go. The outcome may well determine whether or not America can survive economically.
The Obama administration is crowing this morning because the House of Representatives plan just got the endorsement of the 800 pound gorilla known as the American Medical Association (AMA). The endorsement was announced yesterday.
But the Wall St. Journal is reporting a significant blow to the health plan was also delivered yesterday by director of the Congressional Budget Office Douglas Elmendorf, who told the Senate Budget Committee that one of the main goals of the proposals currently under consideration, containing costs, would fail to contain costs. Elmendorf went so far as to say Obamacare could actually worsen the problem of rapidly escalating medical spending.
This report comes on the heels of yet another potentially lethal blow to the legislation: a textbook example of how Healthcare Reform has been tried… and failed… here in America already. The state which has already implemented its own version of socialized health care (Massachusetts) is having to cut back on the number of people being covered… it’s just too expensive. The New York Times is reporting:
The new state budget in Massachusetts eliminates health care coverage for some 30,000 legal immigrants to help close a growing deficit, reversing progress toward universal coverage just as Congress looks to the state as a model for overhauling the nation’s health care system.
Many small business owners have done the math and realize they will be caught in a double whammy, coupled with a Catch-22. From CBS News:
The White House says most Americans would be winners. But try telling that to Chris Warner who owns a small mountain climbing business
He’s climbed the two tallest mountains in the world, Everest and K2, but says surviving health reform could be his toughest challenge yet.
“We really could find ourselves in a position where a lot more small businesses are going to go bankrupt,” he said.
Warner worries about getting hit by a double whammy
First, under the House bill, businesses with payrolls of more than $400,000, like Warner’s, must either provide health insurance for their employees or pay a penalty of 8 percent of their payroll.
That could add over $100,000 to Warner’s tax bill.
“Do we do it by not giving our employees a raise, not reinvesting back in our company? It’s just that classic Catch-22 for small businesses,” Warner said.
The bottom line for many small- to medium-sized businesses, is that if the current National Health Care legislation becomes law, they will have no choice but to close down, or at the very least, cut back on the number of people they employ out of economic necessity just to survive. This is in stark contrast to the Obama administration claim of how many jobs will be “created or saved.”
Many constituents have been melting the phone lines of their legislators in Washington, threatening to vote them out of office if they vote in favor of this socialist boondoggle that would very likely cause the closing of many small businesses and further cripple our already over-taxed economy (pun intended). It seems to be having a positive effect. From the July 7th Washington Times:
“I think there is a genuine alarm,” said Senate Minority Leader Mitch McConnell, Kentucky Republican. “Americans see the government now running banks, insurance companies, automobile companies … and now they fear the government wants to take over health care as well.”
Politico.com brings a balanced perspective to this issue, pointing out, that while Obama is correct that health care reform is an essential part of a strong economy, the legislation currently pending moves in the wrong direction to accomplish this and, in fact, could damage the remaining portion of our economy still intact after six months of Obama’s “smack-down” stimulus spending. In particular their concern is that we MUST avoid making the same mistakes with Healthcare Reform legislation (i.e., uncontrolled spending with not enough control built in) that were made with the stimulus package.
Please, folks, now is the time to stand up and do your part to protect what is left of our existing health care system as well as the free enterprise system before it is destroyed from within via “Obamacare” costs.
KEEP CALLING your Senators’ offices and letting them know in no uncertain terms the cost of their vote if they should vote to pass this albatross. While health care reform is necessary, it doesn’t justify a poor plan rushed through that is poorly designed and will ultimately cause more damage to our economy.
Sigh… this is what you get when you elect a President who has never even run a lemonade stand and blindly hand him the keys to the economy. And Joe Biden is the only one of the two honest enough to admit they “miscalculated” the economy. Take a closer look, Joe, and I think you’ll find you miscalculated health care too.