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Is Healthcare Reform a Pipe-Dream or a Disaster in the Making?

The push is on by the Obama administration to pass legislation to create a revamped healthcare system that is supposed to provide medical coverage for all Americans. The effort has been building for the past couple of weeks to what many in the media believe is to be the final ‘sales pitch’ to Americans; including a Wednesday night prime time news conference by President Obama.

Many in the health insurance industry think that the wide-ranging healthcare proposal will be the demise of private medical insurance altogether. Now, as the vote draws near, many moderate Democrats are demonstrating some hesitance about the legislation. Republicans are, almost without dissention, against the proposed healthcare bill that some estimate will cost the American tax payer an additional $1 trillion to implement.

Healthcare opponents have used the nationalized healthcare systems in Canada and England as examples of what has been, in their opinion, a complete failure. Some have demonstrated the fact that people in need of healthcare in Canada have to wait months to even see a family practitioner and hours to be treated at hospitals in an emergency.

Proponents of the bill, including President Obama, argue that industry fears are baseless and that it is preposterous to believe that a national health insurance will be the end of private health insurance.

However, there are many other concerns about what is actually contained in the pending bill. Some sources report that there is a provision that would require every American to purchase health insurance if the bill passes. If true, the 40 plus million that are currently without health insurance will be forced to spend money they very well might not have.

Consider the fact that the national unemployment percentage rate is approaching double digits, even though some economic indicators are improving, the number of unemployed is expected to rise which begs the question: How can any legislation force Americans to spend money when so many are without a viable source of income?

Others have reported that individuals that earn more than $250,000 per year would be required to pay the lion’s share of the cost of any national healthcare system. That number puts small business owners squarely under the gun. A great many small business owners operate as sole proprietors or within a Sub-Chapter S Corporation, LLC or other business entity that includes all company revenues in the owners’ personal income.

By forcing small businesses to spend more to provide healthcare to their employees, is it logical to assume that more employees will be laid off or that more small businesses will fail?

In a time when more and more Americans are finding themselves in dire financial straights, does it make sense for an elected government to demand expenditures that are not designed to bring the economy out of the deep crevasse in which it is currently enmeshed?

Does it make sense to put even more pressure on small businesses at a time when most are barely able to survive and that employ the vast majority of Americans?

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