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If health care reform increases taxes, will the economy be affected ?

  1. Presigo profile image57
    Presigoposted 8 years ago

    If health care reform increases taxes, will the economy be affected ?

  2. H P Roychoudhury profile image47
    H P Roychoudhuryposted 8 years ago

    If the increase of taxes of Health Care is less than Health Care Insurance, the danger of economy is likely to be less.

  3. dabeaner profile image57
    dabeanerposted 8 years ago

    "If" is not the operative word.  Health care "reform" WILL increase taxes.  The Democrat plan will create a massive new Federal bureaucracy that will definitely mean more taxes.  The Republican plan (lack of) will allow the insurance companies to continue screwing us.  That will also lead to increased taxes to handle the uninsured.

    As I have said before, getting the government and companies (fringe benefits) involved has led to the current mess.

    WTGTTTS (whatever the government touches turns to sh....)

    And that is by design so that those in government can increase their power, at your expense.  (They have the limos, perks, houses, super medical care, super pensions...)

  4. Ralph Deeds profile image60
    Ralph Deedsposted 8 years ago

    Without health care reform increasing health care costs will sink our economic ship.

  5. Springboard profile image80
    Springboardposted 8 years ago

    Health care reform does not have to have anything to do with taxes, essentially. We can reform tort rules for example. This will lower cost by reducing the amount of tests doctors will want to order to cover themselves from lawsuits—less tests equals less cost to the consumer. Tort reform will reduce the amount of frivolous lawsuits brought against doctors—lower medical malpractice insurance reduced the cost to consumers. Opening up the free market and allowing insurance companies to compete across state lines would de-territorialize insurance companies, and costs would be reduced simply as a result of competition. If just these two things occur, a public option becomes a viable alternative. People can either buy insurance, get it through their employer, or buy an option for coverage from the government. All three will have to compete with each other, the former two being the most important to keep prices down of course. And if the public option is paid by the buyer of insurance, then the only cost would be for services rendered. That would mean taxes, but you could in effect reduce the burden as well on Medicare and Medicaid. I'm certain that there would be insurance companies who would want to compete for some of THAT business as well.

  6. Rajab Nsubuga profile image59
    Rajab Nsubugaposted 7 years ago

    Most definitely! In any economy taxes increase the cost of goods and services. In this case if the health care increases taxes it will mean that an individual will spend more on health care and this will affect his savings. It is usually the savings that are used to boost investments.