Insurance companies are greedy as heck too. I agree, there is a racket going on. Maybe the threat of government involvement will force the industry to rethink how it works. I’m still very fearful that money from these industries(lobbyist) will influence what should be a bipartisan reform. It should be for the better of every American citizen who isn’t to lazy to better himself/herself.
I would like to see something that is affordable for small business owners, children and disabled Americans. NOT for illegal immigrants, not for the habitual welfare cases. Sure there are people who need welfare, I’m all for helping my fellow Americans who are down on their luck. Just like I think these folks need health care. However, we can not let the health care go the way welfare, medicaid, medicare and social security have.
Just got this info, not sure how much is 100% verifiable:
“So, the next logical question to ask is: How does the President and this Congress plan on funding this massive government overhaul? Well, sadly, the America’s small businesses will bear that burden. A good portion of the House Democrats’ bill is paid for by imposing a new surtax on the “wealthy,” which, in typical D.C. fashion, doesn’t differentiate between couples with means and small family businesses. Those with more than $280,000 in income ($350,000 for a couple) will pay a 2% surtax. The surtax hits 5.4% for individuals with $800,000 or more in income ($1,000,000 for a couple). This new tax will push the top tax rate in 39 of the 50 states to more than 50%. In Minnesota, the top small business and individual tax rate will be 54.36% if this bill becomes law.
Believe it or not, the news for small businesses actually gets worse. The House Democrat bill also includes a new 8% payroll tax on employers who fail to provide “acceptable” health insurance to their employees. And while an agreement appears to have been reached limiting this penalty to only those businesses with $500,000 in payroll (full phase-in at $750,000), it appears that this could still impact the employers of 67% of Minnesota’s small business employees.”
