Romney passed a successful healthcare program in Massachusetts. He has said that this program was an asset to him in the 2008 presidential race. But now that the Affordable Care Act (AKA, “Obamacare”) has passed, with the Republican Party having successfully demonized this groundbreaking legislation, Romney’s successful healthcare program has become a liability to his campaign. So Romney’s was bragging about his successful healthcare plan during the 2008 race, and even wrote an op-ed in USA Today urging Obama to follow his lead, but now is making “repeal of Obamacare” a major part of his campaign message.
Why does business align itself with conservatives in supporting the status quo of our failed healthcare system? If I am a conservative businessman, why would I choose a system that discourages personal responsibility? Why would I choose to bear the burden of my employees’ healthcare? Why would I support an anti-market system that forces many to stay in a dead-end job solely for their insurance benefits? If I support the free market, don’t I want market forces—such as performance, ability, and individual choice—to prevail? Do I really want to compete again foreign companies who have universal healthcare and therefore much lower overhead costs? (see this case study) There are historical reasons behind these questions, but I don’t understand why the fear of taxes drives business to get behind such a poorly structured system.
About the healthcare bill: I am glad there will be fewer bankruptcies now (good for the economy and lending in general), fewer uninsured young adults who are in start-up jobs with no benefits (they can now stay on their parent’s insurance longer, and not go to the ER when problems hit—and it allows their employer to keep their costs low for these positions); no child will be uninsured as a result of circumstance beyond their control, and we will get better economies of scale to lower costs when another 30 million newly-insured citizens are force to cover themselves (and lessen the ER approach to doctor visits). I am glad the government is not going into the healthcare business, just expanding regulation of the private healthcare thieves insurance industry. I absolutely love that insurance companies now have to spend a certain percentage of their revenue on direct care (pushing them into a velocity-quantity financial strategy, rather than a “denial-of-care” profit strategy that harms individuals).
re you still confused about what is in the new healthcare bill? Join the club.
Are you still confused about what is in the new healthcare bill? Join the club.
This is an excellent short video that explains the new law(i.e., the Patient Protection and Affordable Care Act)