Government Supervised Universal Care is an economic advantage acrosws the developed world.
http://www.globality-health.com/en/yougenio/news/2012-10-22-How-universal-health-care-benefits-the-economy.html
http://www.huffingtonpost.com/dr-behzad-mohit/universal-health-care-can_b_201154.html
http://bangordailynews.com/2012/08/20/opinion/universal-health-care-good-for-the-economy/
A Dose Of Single Payer Socialism Can Save The Economy
Richard Ungar, Forbes Magazine
http://www.globality-health.com/en/yougenio/news/2012-10-22-How-universal-health-care-benefits-the-economy.html
http://www.huffingtonpost.com/dr-behzad-mohit/universal-health-care-can_b_201154.html
http://bangordailynews.com/2012/08/20/opinion/universal-health-care-good-for-the-economy/
***
A Dose Of Single Payer Socialism Can Save The Economy
Richard Ungar, Forbes Magazine
How
often do we hear the argument that American business is suffering
under the yoke of a healthcare system that places a huge
responsibility on employers to carry the heavy load of insuring their
employees?
According
to a Gallup
Poll out this week,
48 percent of small business owners who were polled said that their
concern over healthcare costs is keeping them from hiring new
employees.
That
can’t be good.
Now,
how often do we hear that the answer to the severely stressed
financial circumstances of almost every state in the nation is to
create a friendly business environment that will lure employers into
the state and solve all the budget problems?
While
state governments typically attempt to respond to the challenge of
attracting business by lowering taxes, offering rebate deals to
companies willing to relocate while tossing in some additional
unimaginative ‘goodie’ packages that only mildly tempt business
and eventually run out of steam, might there not be a better, more
enduring carrot to be dangled before the eyes of business, both large
and small?
In
what strikes me as the greatest combination since chocolate met
peanut butter, it makes nothing but dollars and sense for clever
state governments to shift to a single-payer state healthcare system
as the key driver for attracting business to their struggling
domains.
Consider
some of the substantial benefits to business in such an approach, as
highlighted by the Business
Coalition For Single Payer Healthcare:
-
Eliminate
health care benefits and reduce their labor costs by 10 – 12 %
-
Cut
workers’ compensation by up to 50%
-
Become
more competitive with foreign products
-
Eliminate
health care benefits management costs and related labor negotiations
Sure,
there will be a benefit to all the state’s citizens, many of whom,
for the first time, will have health care insurance available no
matter what their financial circumstances. Not only will these folks
be able to sleep at night knowing their families will have adequate
and affordable care should a health crisis arrive at the same time as
an employment crisis, but many of these people will be free, also for
the first time, to start a business in support of a larger company
coming into the state without fearing the loss of health insurance
they received from their previous employer.
How
is that not the American Way?
Of
course, these individuals are often not the constituency that gets
the support and the votes of reluctant, conservative state
legislators who fear the wrath of financial backers and conservative
voters back home who view a state single payer healthcare system as
something akin to the Soviets storming their borders.
However,
were these legislators to stop worrying about the ideological
undertones of state operated single-payer systems and focus on the
boon to business that such a system would bring about, this might
actually prove palatable to the most strenuous objectors of such an
approach to healthcare.
This is not a new idea.
In
a 2011
piece by Jonathan Starr,
the author highlights some unlikely supporters of single-payer
health care:
For
example, the new president of Health Care
for All Pennsylvania is a Republican business owner named David
Steil. He commented, “My commitment to a single-payer health care
system has its roots in my 35 years of experience at the senior
management level in several manufacturing companies. We must solve
the health care dilemma if our businesses are going to compete in the
international marketplace.”
We
even learned this week that Louisiana Attorney General, Republican
Buddy Caldwell—a member of the group of states suing the federal
government over Obamacare—opposes the federal healthcare reform law
specifically because he prefers a single-payer system.
While
it should appear obvious that adopting single payer would give any
state a leg up in attracting new business, there is a catch—if the
financing mechanism merely replaces a company’s healthcare benefits
burden with an equally unpleasant tax burden to pay the costs of the
program, it isn’t going to work.
Thus,
financing such a program is the key to success. Again, Mr. Starr does
a great job of summing up the situation:
The
appeal of single payer to businesses will depend heavily on how such
a program is financed. As I have argued here,
supporting single payer through progressive corporate and individual
income taxes, scaled by ability to pay, should be much more appealing
to businesses (as well as to individuals) than using payroll taxes.
And, bills that attempt to apply special financial burdens to
particular areas of commerce (e.g. H.R. 1068, which would impose an
excise tax on securities and commodities transactions) have been
politically stillborn. A fair, reasonable, and viable financing
mechanism will be critical to gaining business community support.
This
opportunity to resolve a lot of bad with some actual good is right
there in front of us. But to make it work, states are going to have
to enlist the involvement and support of both business and consumer
advocates to find the right blend for financing such a system that
works for all sides.
With
so much ‘sturm und drang’ in the air as we await a Supreme Court
verdict on Obamacare—one guaranteed to leave large segments of the
nation unhappy no matter how the Court rules—it would seem logical
that the time has come for people to set aside their allergic,
ideological reaction to a solution that bears promise for resolving a
myriad of tricky problems to the mutual benefit of both employer and
employee, corporate citizen and individual family member.
For
state governments willing to take a serious look at this, there is
the promise of creating a flood of business flowing to their state.
This will create jobs for local residents, free the entrepreneurial
spirit that made this country great, improve business’ ability to
compete and profit and give affordable and accessible health care
to every citizen of a state.
And
here’s a bonus—as the chart above reveals, Americans actually
like the idea of single-payer health insurance and they like it a
lot.
Could
this be an ‘everybody wins’ scenario?
contact
Rick at the policypage@gmail.com
That
can’t be good.
Eliminate
health care benefits and reduce their labor costs by 10 – 12 %
Cut
workers’ compensation by up to 50%
Become
more competitive with foreign products
Eliminate
health care benefits management costs and related labor negotiations
This is not a new idea.
In
a 2011
piece by Jonathan Starr,
the author highlights some unlikely supporters of single-payer
health care:
For
state governments willing to take a serious look at this, there is
the promise of creating a flood of business flowing to their state.
This will create jobs for local residents, free the entrepreneurial
spirit that made this country great, improve business’ ability to
compete and profit and give affordable and accessible health care
to every citizen of a state.
And
here’s a bonus—as the chart above reveals, Americans actually
like the idea of single-payer health insurance and they like it a
lot.
Could
this be an ‘everybody wins’ scenario?
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