Obamacare Starts Squeezing the Private Sector

American Spectator ^ | 3.30.10 @ 6:09AM | By William Tucker

[BP2]

And when the Insurance Industry crashes because they will have to triple Insurance Cost Rates to cover those with Pre-existing Conditions, Obama will dust off the speech that says, "as much as I hate to do it, we have to take over all of the Insurance Industry, too."

Obama and his speechwriter have likely already concocted the script ...

[LTCJ]

There's a simple reason for that Chairman. Congressmen don't to jail for intentionally disseminating bogus financial statements - Corporate CEOs do.

Oh, for the man with the stones to tell him that under oath. Or, simply, "Congressman, I'm under oath and your estimates do not labor under that burden."

I'd vote to put that man's image on the dollar bill.

[NonValueAdded]

I can't see where the controversy lies for Waxman to find. It sounds like a straight-forward calculation that would fit on a PowerPoint slide with plenty of white space showing. Calculation with the deduction, calculation without the deduction, difference.

The Pubbies would be wise to invite all the CEOs to a press conference ahead of the hearings and lay it all out for the American public.

[slowhandluke]

I don’t think that their retirees get dumped into Medicare system. I think that their retired employees’ health insurance continues as their primary insurer until death, with Medicare being supplemental. Not sure about this, but many union contracts were set up this way years ago.

That's true for union workers, as the company has a contractual obligation to fulfill. That is not true of the non-union & management employees. Some of these big companies have already declared that any medical benefit they provide to non-union retirees will be subordinate to Medicare.

The one I work for provides precious little medical benefit these days, just a high deductible policy that you can (on your own dime) supplement with an FSA.

[highlander_UW]

The lackeys paying union dues will never understand that its the gubmit that has fouled up industry in this country.

On another website some clown liberal was arguing that without unions we'd have illegal aliens flying airplanes and unlicensed doctors and dentists. We need a test where someone has to have at least an 80 IQ to vote...of course the libs would never agree to lose 80% of their voter base.

[Brett66]

Nostrildamnus

ROFL!

[TalBlack]

“We may soon need to bear this distinction in mind.”

As long as we bear in mind that authority will NEVER recognize such a distinction.

[Cyber Liberty]

My sympathy gland for these corporations is running a little dry. They knew these numbers two weeks ago at least. That would have been more than a little helpful then, but not now.

[andy58-in-nh]

Valid authority respects the distinction between dissent and disloyalty.

[Major Matt Mason]

"These assertions appear to conflict with independent analyses," said the chairman, "which show that the new law will expand coverage and bring down costs."

No matter how many times I read the last part of that sentence, it doesn't make sense. You can't expand coverage and reduce costs at the same time. Waxman and Co. do not live in the real world, but that is no surprise to Freepers.

[lentulusgracchus]

This is Henry Waxman's STFU notice to the business community: "Don't make waves for us about this!!!"

It's like that nasty letter Jay Rockefeller and Olympia Snowe sent to the CEO of Exxon, demanding Exxon stop forthwith giving grants to global-warming skeptics.

Drink the Kool-Aid or .... or..... or ..... we'll make you drink the Kool-Aid!

I don't think Henry is going to get a lot of respect about this. This is serious money, and he's talking to serious men.

[ntnychik]

Ping to article & reply #17

[FormerACLUmember]

"These assertions appear to conflict with independent analyses," said the chairman" There's a simple reason for that Chairman. Congressmen don't to jail for intentionally disseminating bogus financial statements - Corporate CEOs do.

Absolutely brilliant point!

[SaraJohnson]

They get one chance to stick together and squeeze him back harder than he dreamed of. If they fold, he will smash them.