Thursday, June 25, 2009

Government Run Healthcare

As a small business, we pay very close attention to the costs of insurance and healthcare costs that we provide for our employees. In the past few days I've heard the President mention that his government sponsored programs will keep private insurance companies honest. I ask who will keep the government honest? At least on an open market I am free to fire my insurance company and select another-I dont suppose I get thqt option with the government.

The other thing I heard him say was that a government program will not effect private programs, that they would not have an unfair advantage in the marketplace. And I think this is truly an intellectually dishonest statement. How can the rule maker not have an unfair advantage? Legislators place so many rules on the private companies that clearly will not apply to them-these legislators certainly have no idea the financial impact in the marketplace of the foolish requirements they create.

Based on recent legislation here in Colorado, our company is facing what we understand to be the highest rate increase our agent has ever seen in a year-almost a 70% increase in cost that will be shared by the company and employees. Unbelievable!

Mark

No comments: