spunkets:
As for Pension plans, most of the defined benefit plans that large corporations have unfunded liabilities, similar to Social Security and Medicare, Medicaide, etc.
Defined Contribution plans, which in the last 30 years, have become dominant [no Companies in the last 30 years have offered Defined Benefit plans because of the costs of administrating them] have no impact on a companies balance sheet other than the Cash Contribution the company makes to the employees Retirement account. The Pension plan is managed by some Equity/Retirement Management firm. Once the Company makes its contribution, its obligations to the Employee and Pension Plan are done.
Nixon’s plan, did not result in a Government run plan similar to Obama’s and it is on that point that say they ar different. Obama’s plan requires to use money from other sources to pay for it [borrow from medicare, medicaide] since those have a tax source, but those plans are as of now underfunded so that Obama’s plan means is more debt and or more taxes.
Nixon’s plan was largely based on using the Private Sector Insurance companies. If I recall, once obamacare was held by the SCOTUS, Insurance Company Stocks took a drastic hit and dropped significantly telling me the market changed its expectations about the future earnings prospects of said Insurance Companies those a revision in the stock price, i.e. downward.
I already provided ou with a link that shows Nixon sought to force both employers and employees to but health insurance. The unemployed rest would be covered by Medicare/Medicaid equivalent as they are now. That means fundamentally, they are the same. The fact that the feds in Zero care chose to impose minimum federal standards on private insurers is irrelevant.
"Obama’s plan requires to use money from other sources to pay for it [borrow from medicare, medicaide] since those have a tax source, but those plans are as of now underfunded so that Obama’s plan means is more debt and or more taxes."
This refers to Medicaid expansion to cover the unemployed and low wage earner subsidies. It does not change the fact that Nixon attempted to force everyone to buy insurance - theft.
"If I recall, once obamacare was held by the SCOTUS, Insurance Company Stocks took a drastic hit and dropped significantly telling me the market changed its expectations about the future earnings prospects of said Insurance Companies those a revision in the stock price, i.e. downward."
What does held mean? There was no big change Fri(June 29)+, nor was there when the case was accepted in 2011.