“The Secretary Will Determine…”
I can’t say that I’m a John Strossel fan, but he hit the nail on the head in his recent article entitled “ObamaCare Abominations”. The article explains why the uncertainty of Obamacare has been having such a negative impact on our economy. And the primary underlying key to understanding that uncertainty exists in the words “the Secretary will determine…”.
Brad Anderson, CEO of Best Buy, added that Obamacare makes it impossible to achieve even basic certainty about future personnel costs:
“If I was trying to get you to fund a new business I had started and you asked me what my payroll was going to be three years from now per employee, if I went to the deepest specialist in the industry, he can’t tell me what it’s actually going to cost, let alone what I’m going to be responsible for.”
You would think a piece of legislation more than a thousand pages long would at least be clear about the specifics. But a lot of those pages say: “The secretary will determine …” That means the secretary of health and human services will announce the rules sometime in the future. How can a business make plans in such a fog?
Strossel then moves on the topic of employer mandates and the hidden tax increases in our future.
Of course, we were told that government health care would increase hiring. After all, European companies don’t have to pay for their employees’ health insurance. If every American employer paid the $2,000 penalty and their workers turned to government for insurance, American companies would be better able to compete with European ones. They might save $10,000 per employee.
That sounded good, but like so many politicians’ promises, it leaves out the hidden costs. When countries move to a government-funded system, taxes rise to crushing levels, as they have in Europe
And of course, there is also the increase in government spending as related to GDP.
“We’ve had an agreement in this country, kind of unwritten, for the last 50 years, that we would spend about 18 to 19 percent of GDP (gross domestic product) on the federal government. This is a tipping point. This takes us to 25 to 30 percent. And that money comes out of the private sector. That means fewer jobs. This is a game-changer.”
Do we the people want more jobs in our economy? Then one of the first things we should be striving to do is to repeal Obamacare.
Sure, we’ll still have rising health care costs to contend with. But with Obamacare gone, at least then we have a chance to identify other options that are a bit more employer-friendly and will allow growth and development in the private sector of our economy.