Obama health care plan projected to cost 5.2 million jobs: "In an interview on Fox News on August 27th Mark Wilson of Applied Economic Strategies made the economic case against the current plan for health care reform.
He said the current idea for mandating employers to insure employees or pay a fine in the form of a tax would cost employers $49 billion dollars and cause the loss of 5.2 million jobs. In addition wages would be “stunted” for another 10.2 million wage earners.
This seems like a high cost to make sure that everyone is covered. Doesn’t it make more sense to lower costs of health care and health care insurance and keep the quality? Americans that are insured are happy with their coverage and their health care.
We do need to lower the costs, because the cost to purchase insurance is escalating and Medicare costs are crippling the budget. Reform is needed but not government control or the proposed public option. Here are some things to consider.
Deficit
Government spending is out of control. Spending that is likely to trigger inflation as we begin to come out of this recession. It was announced this week that in the next decade the deficit is going to be$2 trillion more than originally projected. We cannot afford any more expensive entitlements that we don't have a definitive plan to pay"
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