Final Research Project
The United States does not provide health care to its citizens the way the rest of the industrialized world does. Â Instead of guaranteeing coverage for all, it relies on a patchwork system of market-based institutions in which those who are insured sometimes receive coverage as a condition of employment, sometimes purchase individual policies and sometimes obtain coverage through public programs such as Medicaid and the State Childrenâ€™s Health Insurance Program (SCHIP). It's no secret that health care costs are spiraling out of control in this country. On average, we now spend more per person on health care than both food and housing. Insurance ...view middle of the document...
Â Third, small business owners often argue that many of their employees would never acquire coverage anyway, since turnover rates are relatively high and there is usually a waiting period before benefits kick in for new employees. Â Finally, since small businesses have a higher failure rate than larger firms, small employers tend to limit â€œfringeâ€ benefits in order to keep costs under control.
Â Â Â Â Â Â Â Â Â To summarize the article it's how ombamacare will affect the loss of 2.5 million full-time jobs. The White Houseâ€¨Â claims that this will be a "good thing.â€ They are basically shirking the labor market with this approach. The writer talked about three points on why the Obama care laws have a negative effect on the job market. (1) Obama careâ€™s â€¨employer mandate, which will discourage hiring and reduce wages offered by employers; (2) Obama careâ€™s $1 trillion in tax increases, â€¨Â which will discourage work and depress economic growth; and (3) the lawâ€™s $2 trillion in subsidies for low-income individuals, â€¨Â which will discourage many from remaining in the labor force. (http://www.forbes.com/sites/theapothecary/2014/02/05/white-house-its-a-good-thing-that-obamacare-will-drive-2-5-million-americans-out-of-the-workforce/)
My opinion is when someone leaves the workforce it does not mean there is a job opening. A company may leave the position vacant, split the responsibilitiesâ€¨Â amongst other people, or hire a part-time person. In the real world, it is the company hiring not a person passing their job to someone else. â€¨Â Â Many people would like jobs but minimum wage keeps the least skilled out of the market and Obama care is so expensive to business that it will dampen hiring until it is replaced or collapses. I think it will have a negative outlook on the job market and taxpayers because of the increase of tax by $1 trillion dollars. Plus, jobs will stop hiringâ€¨Â full time workers. I think people will respond in favor of my hypothesis. I think 15 out of 20 people will agree by saying that Ombamare will cause a negative effect on the job market and taxpayers.
Here are the survey questions:
1.Â Do you think socialized health care could be beneficial to business owners? Why, or why not?
2.Â Do you think people should be forced to have health care? Why, or why not?
3.Â Do you agree that the current health care system is sufficient for all Americans?Â Â Â Â Why or why not?
4.Â Â How do you think the healthcare policies should change in order to beneficial for everyone?
Here are the survey findings:
1) 1.Â Do you think socialized health care could be beneficial to business owners? Why, or why not?
In my responses, everyone agreed except two people in the 36-45 groups. They both responded that it would hurt small business owners having to pay out big healthcare benefits and would hurt their profit in the business.
2) .Â Do you think people should be forced to have health care? Why, or why not?