Daily News Updates - Health Insurance News

Speaking Up On Obama’s Plan, Pt.1 – Social wisdom in a consumer-driven economy

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Almost the opposite of Mr. McCain, Mr. Obama promotes building up the employer-based health insurance system we all know so well. According to the latest US Census (2007), over 60% of our nation’s insured are relying on the stability of employer-based health insurance. Some 170 million people were enrolled in 2007. Not only is Mr. O promoting that all large businesses provide health insurance to their employees, but he plans to assist them with some financial relief. He proposes to offload the more costly and expensive treatment and care for employees with government subsidies.

The ride is not all ‘rosie-posie’, however. Mr. O has devised a mechanism, some call “play or pay”. Large employers have some obligation toward employee health insurance. He is drawing from the highly successful model of Henry Ford (economic model, not technical) and Kenneth Galbraith’s “Affluent Society”. Henry Ford paid his workers well so they could buy his cars. It worked great. All the other industries picked up on it and prospered for it. Mr. O understands the importance of social wisdom. By creating healthy consumers, industry benefits itself the most. This economic philosophy has provided stability to our nation for over 50 years. One responsibility of industry is to its consumers, in a consumer-driven economy (like ‘noblesse obligé’). Mr. Bush recklessly abandoned this concept and remonstrated the poor working-class to ‘go shopping’ at a time they had no money. So they used credit cards. Very stupid advice, as we see now. As such, Mr. O is advocating that large businesses either offer health insurance, or else pay into a fund so someone else can insure them.

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