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Author: fleg9bo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Obamacare--the details Date: 5/21/2009 2:09 PM
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http://article.nationalreview.com/?q=MzkwMmM4ZGU2MzljYjQzYTd...

Employers would be required to insure their workers through a "pay or play" mandate. Those who did not provide "meaningful coverage" for their workers would pay a penalty, equal to some percentage of their payroll, into a national fund that would provide insurance to uncovered workers. Such a mandate is, of course, simply a disguised tax on employment. As Princeton University professor Uwe Reinhardt, the dean of health-care economists, points out, "[That] the fiscal flows triggered by mandate would not flow directly through the public budgets does not detract from the measure’s status of a bona fide tax." Estimates suggest that an employer mandate could cost 1.6 million jobs over the first five years.

the oft-repeated promise that "if you are happy with your current insurance, you can keep it" is untrue. Millions of Americans who are currently satisfied with their coverage will have to give it up and purchase the insurance the government wants them to have, even if the new insurance is more expensive or covers benefits the buyer does not want.
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Couple the jobs lost to Obamacare with the jobs lost due to carbon taxes and I hope you really like your kids and grandkids, since they're going to be living with you.

--fleg
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