Costs will rise
Cry Wolf Quotes
Medicare would be strictly a tax program, forcing wage earners to pay a substantial in their payroll taxes to finance hospitalization for everyone over 65, including those who are wealthy and millions of others who are already protected with hospital insurance.
All too often such well-intended Federal programs simply fuel the flames of spiraling health care cost inflation, diffuse the concentration of limited Federal dollars on the truly medically needy who must rely on Government entitlements for any medical care, and exacerbate the rising uncontrollable element in the Federal deficit which we must get under control if we are going to put people back to work—which is the real objective that would meet the problem addressed by this committee.
I have always maintained that if a program is to be successful, it must... be voluntary... based on need and must not be financed through a payroll tax.
All told, some 16 million or more jobs will be needed in the next seven years. The statistics on the recovery from the 1974 recession indicate that such job creation is achievable. The major problem is to accomplish this goal through sound economic recovery and growth without increasing inflation or discouraging hiring by adding to labor costs.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
