Critical Condition

Baucus Is Costly

From THF:

The mandates in Senate Finance Chairman Max Baucus’s (D-MT) U.S. health care reform bill will:

  • Force individuals to pay more money out-of-pocket, and
  • Compel businesses to reduce wages, salaries, and job opportunities.

Baucus’s plan for “reform” requires that individuals currently without insurance must purchase insurance through either their company or an exchange mechanism. If a worker decides to purchase insurance on the exchange, his or her employer will be responsible for subsidizing the cost of that insurance through a new tax. Businesses will also be capped as to how much they will be able to charge workers whose income falls below 400 percent of the federal poverty level (FPL). Consequently, these mandates will reduce employment opportunities and slow economic growth.