Promethium Wrote:
I have yet to fully understand all the anti-sentiment against a public option, since the format they want to use is essentially what exist for many state workers across this country and most of our elected representatives. I'm all for creating a health care co-op like our local public power commissions, but the current proponents of this idea are really using it to block any meaningful reform that might eliminate the insurance monopolies that exist in certain states.
I by no means consider myself an expert on the different plans that have been proposed so my opinion of the public option is based only on how I understand it which I admit could be off-base.
My main concern with a public option is the small business aspect. As I understand it, small businesses will have the option of either supplying insurance for their employees or paying an 8% payroll tax to support those employees entering into the public plan (as it's assumed most of them will choose the public option over a private one).
I've only worked for small business in my professional life (three of them total) and insurance has always been supplied by the company. Supplying insurance is always a major cost for the owners and an area they are always looking to save in (especially with rising costs every year). With the company I work for now, insurance represents 11% of my paycheck. I think the White House is underestimating how many small businesses will just opt for the 8% payroll tax over supplying insurance on their own because it will be cheaper for them.
If too many small business do this, the insurance companies will lose money, lay people off, etc. which will cause different problems down the road.
Again, this is my take based on a fairly limited understanding of the proposed plan. I welcome corrections from you all.