There is no free in liberty.


Tuesday, October 26, 2010

Rep David Price (NC-4) --- Demonstrating a Lack of Mad Econ Skills...


Obama and David Price argued that through the miracle of government regulation, taxation, resource allocation and general smartyness of government officials, health-care costs would magically fall, you know, if all those health-care dollars were just passed through the government till.

It would reduce the deficit. It would lessen the costs of heath-care for businesses. It would lessen the burden of health-care costs on all our wallets.

They were wrong.

Edison International said Friday that its first-quarter net income fell as it recorded a charge to reflect the recently enacted federal healthcare overhaul.

Thank you, David Price, may we have another?

In a stunning revelation Wednesday, several top U.S. corporations are seriously considering dropping employee health insurance coverage in light of what they see as the inevitable consequence of ObamaCare--skyrocketing costs.

...the companies maintain that ObamaCare will result in a dramatic increase in expenses for providing employee coverage, with added costs skyrocketing to multi-billions of dollars.

Thank you, David Price, may we have another?

Massachusetts medical-device companies say they’ll cut back on operational costs - and jobs - after a planned 2.3 percent tax on their products is implemented in 2013, according to a new survey.

The tax - imposed to help pay for the massive health-care industry overhaul and expansion - is “of the greatest concern” to a majority of its members, the survey found.

About 70 percent of the survey respondents said future innovation will be hurt by a new federal “physician sunshine bill.” The bill will require medical-device firms to report their marketing expenditures on physicians, and a recently passed gift-ban law in Massachusetts.

Thank you David Price, may we have another?

Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill's critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.

That would dismantle the employer-based system that has reigned since World War II. It would also seem to contradict President Obama's statements that Americans who like their current plans could keep them. And as we'll see, it would hugely magnify the projected costs for the bill, which controls deficits only by assuming that America's employers would remain the backbone of the nation's health care system.

David Price is a grade school economist who does not base his support for a bill on the rational, but rather on what feels right at the time. No reading, no understanding. It just, you know, FEELS RIGHT.

LetDavid Price know that hurting America and NC-4 hurts individuals, the same individuals he professes to help and send him back to school to learn some basic ECON.


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