The Wall Street Journal had an article titled “The ObamaCare Writedowns” that focuses on the effects the new healthcare plan will have on business. One of the major selling points of the new healthcare plan was that it will cut healthcare related costs over the next decade. However, it's already having immediate problems in the business world. Businesses like AT&T are making significant writedowns (estimated $1 billion) to compensate for the health bill. Everyone will have health insurance, but at what cost to business? Is it wise to pass something that may help the individual save on health costs or help those who are supporting the individual by giving them a job and monthly paycheck? This new plan neither supports the individual nor the company which leaves one question; who is ObamaCare supporting?
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I found a post from a blog called "American Thinker" that states that the wealth of every American Citzen went down by $1,229 last week due to Obama Care. The Number is derived from the new cost charged to firms. See if you think the figure holds water.
It is amazing to me how many special deals went on behind closed doors. Tennessee and Louisiana both got extra help, because their poor are poorer than everybody else. I mean, I did not see them help out Arizona or any other states that have a lot of elderly living within their borders. It is very ridiculous what goes on in Congress. I include republicans in there as well. Here is the link http://www.cbsnews.com/stories/2010/03/19/politics/main6314677.shtml
The new healthcare bill was implemented to help cover children with pre-existing health conditions. I found this article and it talks about how there's no guarantee that children with pre-existing health conditions would have to be covered under the new law. How did they screw this one up?
http://www.weeklystandard.com/blogs/oops-health-care-bill-does-not-cover-kids-pre-existing-conditions
-1 on Matthew for poor grammar.
Let's go out on a limb here: a majority in Congress voted for it, but a majority outside of Congress would have apparently voted against it.
To me this means it benefits Democrats in Congress, and not much else.
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