Health care bill’s assault on business
by Brian Schwartz | 8:20 pm, March 19, 2010 | Comments Off
From Investor’s Business Daily:
If ObamaCare becomes permanent, no one will suffer more than U.S. businesses. They’ll face higher taxes, more regulations and a higher cost of capital. But don’t take our word for it. Go ask Caterpillar.
The heavy-equipment giant reckons its insurance costs will go up 20%, or $100 million, the first year after the health care system is overhauled, and may go even higher. Multiply that by literally tens of thousands of companies nationwide, large and small, and you can see how costs will soar.
Read the rest: Health Overhaul’s Assault On Business. I wouldn’t call this an “overhaul,” but an entrenchment of the worst parts of the status quo.
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