If you look at the current house bill with the most steam behind it, this is what the Congressional Budget Office says it will do to costs: “The net cost of the coverage provisions would be growing at a rate of more than 8% per year in nominal terms between 2017 and 2019; we would anticipate a similar trend in the subsequent decade.”Read again: a fiscal conservative is telling us that healthcare will overwhelm almost all of the businesses in America under even the bill with the most juice behind it.
That means almost no industry will exist in the US in the next decade except healthcare. And that’s because every other industry will go bankrupt trying to pay for it. How does GM compete when it has to pay a medical bill that German car companies largely leave to the government?
Even WITH a health care reform bill, most businesses will either drop coverage or go out of business by 2020.
But it's not an emergency or anything.
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