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Corporations like single payer because it keeps healthcare off the balance sheet

Posted on 7/18/17 at 5:27 pm
Posted by Bjorn Cyborg
Member since Sep 2016
26658 posts
Posted on 7/18/17 at 5:27 pm
As much as I hate it, I believe that is the direction we are going.

We have been moving towards more free shite, not less. The next move on the horizon will definitely be single payer, medicare for all type situation.

Big business will be for it, Chamber of Commerce will be for it, libs will be for it. I think it will happen.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 7/18/17 at 5:28 pm to
Since Medicare is running out of money in 2029 guess there will be huge tax increases.

Fine by me I will be retired before anybody has the guts to address it
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 7/18/17 at 5:29 pm to
I honestly don't see why the big manufacturers with pension problems aren't pushing for it.

GM, Ford, GE, etc.

Posted by asurob1
On the edge of the galaxy
Member since May 2009
26971 posts
Posted on 7/18/17 at 5:30 pm to
quote:

Corporations like single payer because it keeps healthcare off the balance sheet


exactly.

Posted by Bjorn Cyborg
Member since Sep 2016
26658 posts
Posted on 7/18/17 at 5:30 pm to
Do those companies cut health insurance for their retirees when they are Medicare eligible?
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48294 posts
Posted on 7/18/17 at 5:32 pm to
It obviously helps businesses so long as the corporate tax rate doesn't spike to unreasonable levels.

It just crushes middle class families.
Posted by RatLTrap
Member since May 2017
290 posts
Posted on 7/18/17 at 5:36 pm to
Just increase corporate and capital gains taxes to pay for it. Problem solved
Posted by bonhoeffer45
Member since Jul 2016
4367 posts
Posted on 7/18/17 at 5:37 pm to
quote:

Big business will be for it, Chamber of Commerce will be for it, libs will be for it. I think it will happen.




Nah, for many businesses they like the current arrangement. It allows them to avoid several taxes on wages paid in the form of wage-benefits. The networks created give the guys at the top pretty nice, fat and luxurious policies.

It is why despite bi-partisan support, big business has roundly killed every attempt by Democrat or Republican to kill the employer tax subsidy.
This post was edited on 7/18/17 at 5:38 pm
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36748 posts
Posted on 7/18/17 at 5:39 pm to
quote:


Big business will be for it, Chamber of Commerce will be for it, libs will be for it. I think it will happen.


I still dont understand why republicans arent for it.
Posted by Bjorn Cyborg
Member since Sep 2016
26658 posts
Posted on 7/18/17 at 5:40 pm to
quote:

It obviously helps businesses so long as the corporate tax rate doesn't spike to unreasonable levels.


Right. But from corporate perspective, taxes are looked at differently than straight expenses like healthcare. A CEO can be judged harshly by his board or shareholders for healthcare costs and their affect on the balance sheet. But taxes can be mitigated to a certain extent, and beyond that are out of the CEO's control and not considered his problem.
Posted by GeorgeWest
Baton Rouge
Member since Nov 2013
13064 posts
Posted on 7/18/17 at 5:41 pm to
I am a retired schoolteacher. When I became Medicare eligible, my health insurance policy converted to a Medicare Advantage plan that supplements Medicare.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48294 posts
Posted on 7/18/17 at 5:41 pm to
quote:

Just increase corporate and capital gains taxes to pay for it. Problem solved


And who will we tax when businesses flee to other countries and none of us have jobs?
Posted by Bjorn Cyborg
Member since Sep 2016
26658 posts
Posted on 7/18/17 at 5:42 pm to
quote:

I still dont understand why republicans arent for it.


Because it's UnAmerican socialism and all of our ventures down that road have failed (or will fail).
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 7/18/17 at 5:43 pm to
quote:

Just increase corporate and capital gains taxes to pay for it. Problem solved



Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/18/17 at 5:43 pm to
quote:

Corporations like single payer because it keeps healthcare off the balance sheet


They like it for the same reason the ultra rich vote Democrat and Democrats harp on "INCOME" taxes when talking about going after "the rich".

It's a great way for the ultra wealthy to ensure the cost of doing business in America is borne by the well off.

I mean hell. The average American should double over in laughter when someone like Buffet talks about how INCOME taxes need to be increased........but nope.

Dunces.

It's been going on for decades.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48294 posts
Posted on 7/18/17 at 5:43 pm to
quote:

I still dont understand why republicans arent for it.


I'm not a Republican but I oppose paying more for something that has deteriorated in quality.

I also am not a big fan of having to pay extra for a private service because the tax-funded system is unacceptable
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36748 posts
Posted on 7/18/17 at 5:44 pm to
quote:

Because it's UnAmerican socialism

Nonsense.

quote:

all of our ventures down that road have failed

Ehats your criteria for ventures down the socialism road and ehat failures are you citing?
Posted by the808bass
The Lou
Member since Oct 2012
111498 posts
Posted on 7/18/17 at 5:45 pm to
quote:

I honestly don't see why the big manufacturers with pension problems aren't pushing for it.


It's probably a little too transparent of an attempt at corporate welfare for them to publicly lobby for it vigorously. Don't think that they're not lobbying for it.
Posted by bonhoeffer45
Member since Jul 2016
4367 posts
Posted on 7/18/17 at 5:50 pm to
quote:

Right. But from corporate perspective, taxes are looked at differently than straight expenses like healthcare. A CEO can be judged harshly by his board or shareholders for healthcare costs and their affect on the balance sheet. But taxes can be mitigated to a certain extent, and beyond that are out of the CEO's control and not considered his problem.



I don't think it plays out like you think it does:

quote:

Republican legislators need a way to pay for their eventual Obamacare replacement plan. One leading contender is capping the tax exclusion for employer-sponsored health insurance, which shows up in multiple replacement plans as well as recent interviews with legislators. It’s going to be a huge fight.

Right now, companies and their workers pay no taxes on health benefits. This means the federal government misses out on a lot of potential revenue — $260 billion in 2013, according to Congressional Budget Office data.

Capturing a fraction of that would go a long way toward paying for some of the other things Republicans want to do, like continue subsidizing the individual market. But it won’t be easy: An aggressive lobbying campaign has already begun against the policy, which Republicans have not officially endorsed.

Representatives of large companies are already swarming Capitol Hill, meeting with legislators to argue that this would amount to a significant tax on America’s middle class. Some have retained new lobbying firms and launched new coalitions devoted to making sure the proposal never sees the light of day.

“I think it’s being considered very seriously, and we’ve recently ratcheted up our message to make sure that legislators understand the unintended consequences of a policy like this,” says Jim Klein, president of the American Benefits Council, which lobbies on behalf of major corporations offering health benefit programs.


This was February, within a few days this aspect of the AHCA was dead and buried.

Every time politicians on either side seek to touch the employer tax credit, powerful business groups swarm and threaten to go into all out war.

I would love to believe deep down the vast majority of businesses are secretly seeking UHC reforms that decouples their role in insurance(or at least allows it to take on a less prominent role like in many UHC countries). But I just don't see it. Some are for sure, and that has been the way for 100 years, but yeah.
This post was edited on 7/18/17 at 5:58 pm
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36748 posts
Posted on 7/18/17 at 5:58 pm to
quote:

I'm not a Republican but I oppose paying more for something that has deteriorated in quality.


I think costs go down with the ability have a stronger bargaining position with suppliers.

Quality may ot msy not deteriorate. Also debatable how much of a decline if any in quality we would see.

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